Former Tesla CEO Martin Eberhard expressed disappointment over the company's decision to cancel plans for a low-cost car. Eberhard described the move as a 'shame,' highlighting the potential impact on consumers looking for more affordable electric vehicle options.
The cancellation of the low-cost car plans comes amidst Tesla's efforts to streamline its product offerings and focus on higher-end models. This decision reflects a shift in strategy towards catering to the luxury market segment, where Tesla has found considerable success with models like the Model S and Model X.
