Elon Musk Faces Backlash from Investors Over Tesla’s $25,000 Car

Elon Musk, known for his controversial statements and bold moves, is once again in hot water with investors. The Tesla CEO recently sparked outrage among shareholders after a cryptic social media post following a report by Reuters that the much-anticipated $25,000 Tesla model has been scrapped.

Investor Frustration

According to Jalopnik, investors are expressing their frustration with Musk’s lack of transparency and communication regarding the affordable car project. Musk’s dismissive attitude towards the Reuters report, where he accused the outlet of spreading misinformation, has only added fuel to the fire.

The Future of Tesla’s Affordable Car

With the fate of the $25,000 Tesla model uncertain, investors are left wondering about the company’s future direction and commitment to making electric vehicles accessible to a wider audience. Musk’s erratic behavior and tendency to make impulsive decisions have raised concerns about Tesla’s long-term sustainability and credibility in the market.

For more details on this developing story, you can read the full article here.