Tesla cancels its long-promised inexpensive car

As recently as January, Elon Musk told investors that Tesla planned to start production of the affordable model at its Texas factory in the second half of 2025. Picture: Czarek Sokolowski/AP

Tesla has cancelled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to sources.

The carmaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.