Tesla CEO Elon Musk said the company is no longer working on a $25,000 car that he announced in 2020.
Musk explained that once Tesla's Full Self-Driving is fully operational, Tesla owners will be able to deploy their cars in a robotic ride-hailing service that will allow them, and Tesla, to earn money from them, making the vehicles more affordable to own.
"I think, at the point in which it is autonomous, the cost of transport drops by, I don't know, a factor of four or five," Musk said.
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