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Automotive News Daily Drive
April 5, 2024 | Tesla scraps plans for entry-level EV; AI in F&I
Apr 5, 2024
Tesla scraps plans for entry-level EV, explores auto vision tech for used car appraisals. Consumer trends in online vehicle purchases, battery tech breakthroughs in EV sector. Dealership finance shifts to digital process with AI integration.
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- Tesla cancels entry-level EV in favor of self-driving taxi model, shifting away from mass market goals.
- AI integration in finance and insurance offices streamlines processes, enhancing transparency and accuracy in transactions.
Deep dives
Tesla Cancels Plans for Affordable Car
Tesla has decided to cancel its affordable electric car model, which was anticipated to drive the company's growth into a mass market automaker. Elon Musk's shift towards prioritizing self-driving robo taxis on a smaller vehicle platform represents a departure from the company's initial goal of producing affordable electric cars. Despite initial plans to start production at its Texas factory, Tesla is now offering discounts on existing models due to inventory surplus and declining sales.
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Discover
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