Billionaire Tesla owner Elon Musk accused Reuters of lying after the outlet reported on Friday that Tesla scrapped its plans to make low-cost electric vehicles and will focus on developing robo-taxis.

Reuters, which cited multiple anonymous sources and “company messages,” wrote that Tesla was abandoning its promise to begin producing cheaper EVs as soon as 2025. After the report was published, Tesla’s stock dropped by as much as 6.2% before it began to make a small climb back toward where it opened on Friday just shy of $170 per share.

“Reuters is lying (again),” Musk said in reply to a post on his social media platform X.

Reuters is lying (again)

— Elon Musk (@elonmusk) April 5, 2024

Later, Musk reposted a chart showing the decrease in Reuters’ monthly and yearly website traffic.

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“Reuters is dying,” the Tesla owner wrote.

Since as far back as 2018, billionaire Tesla owner Elon Musk has said the company would move into making “a $25,000 car,” which has been called the Model 2. In January, the billionaire entrepreneur added that his company was “very far along” in making an affordable car, Bloomberg reported. Currently, Tesla’s cheapest vehicle, the Model 3, retails for nearly $40,000 in the U.S. while other EVs in its lineup can cost up to $150,000.

Continue here: Daily Wire