Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers

In April, Tesla’s stock dropped when news surfaced that it had scrapped plans for a $25,000 EV. Elon Musk quickly responded, calling the report “a lie”, and shares regained some ground. However, Musk now suggests that a low-cost EV is “pointless” without full autonomy.

Tesla’s stock rose 20.9% in the last session after gaining as mush as 3.0% during the session. The stochastic-RSI is giving a negative signal.
Support: 243.18 | Resistance: 267.05