Tesla's $25,000 EV flip-flop, explained

The idea of a $25,000 Tesla has persisted for years — in part, perhaps, because CEO Elon Musk said he was “very confident” the company could do it at an event in 2020. But on Wednesday night, during Tesla’s third-quarter earnings call, Musk said the idea of a $25,000 car with a steering wheel and pedals is “pointless,” and “silly.” He said he only wants to sell one car at that price: the “Cybercab” robotaxi he revealed a prototype of two weeks ago. It was the latest in a long line of public and private fli ...