Satori Fund senior portfolio manager Dan Niles joins ‘Mornings with Maria’ to share his stock picks as investors await March’s jobs report.
Tesla CEO Elon Musk accused Reuters of “lying” on Friday after the outlet reported the electric vehicle behemoth is abandoning its long-touted plans to produce a budget-friendly starter car.
Citing three unnamed “sources familiar,” Reuters reported that Tesla has scrapped its initiative to roll out an inexpensive car for the masses, purportedly called Model 2, that was expected to start at $25,000. The outlet said it had reviewed several internal Tesla documents confirming the project’s demise.
Tesla CEO Elon Musk accused Reuters of “lying” on Friday after the outlet published a report claiming Tesla has abandoned its plan for an inexpensive entry-level vehicle. (REUTERS/Gonzalo Fuentes / Reuters Photos)
In reaction to the report, Musk wrote on X, “Reuters is lying (again).”
TESLA MAY HAVE A FEW ACES UP THEIR SLEEVE: STEVE WESTLY
Reuters added Musk’s response to its article, and noted that “[h]e did not identify any specific inaccuracies.” The outlet also pointed out that Tesla’s stock price fell by nearly 5% following its report.
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