Report: Elon Musk was lying when he said “Reuters is lying” about Tesla canceling its low-cost car

Last April, Reuters reported that Tesla was canceling its long-awaited $25,000 electric vehicle to focus on self-driving taxis instead. Right afterward, CEO Elon Musk tweeted, “This is false. Reuters is lying.”

Turns out, Musk may be the one who was lying. A new Reuters report says that Musk’s denial confused company executives, who had already been told that Tesla was in fact killing the low-cost EV program. They allegedly asked Musk if he’d changed his mind and he said no.

Exclusive: Tesla executives questioned Musk after he denied killing $25,000 EV project - sources

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Rani Molla

Tale of the Gate

Tesla jumps amid AI bullishness as analyst says Full Self-Driving software is “already better at driving than the average American”

Tesla is betting that it can turn its consumer vehicles into autonomous cars faster than Google’s Waymo can roll out new vehicles.

Tom Jones

cleaning up

Clean energy investment hit a new record last quarter, mostly driven by EVs

Spending rose 8% to a whopping $75 billion in Q3.

Collage of objects related to environment

Rani Molla

Waymo Vehicles

Waymo to expand to Minneapolis, Tampa, and New Orleans

Waymo currently operates in five cities with plans for 20, while Tesla operates in two with named plans for seven so far.

Los Angeles Dodgers fans celebrate in downtown Los Angeles as their team clinches another World Series title

Rani Molla8h

Google opened at an all-time high

It’s a good day to be an AI stock. It’s an especially good day to be Google, which opened at a record high this morning of $304.39.

The stock is soaring on Nvidia’s stellar earnings report yesterday, which is helping quiet talk of an AI bubble that recently contributed to a sell-off in tech stocks. On top of that, Google released its latest AI model, Gemini 3, this week to strong reception from AI leaderboards, analysts, and consumers.

And even if we are in an AI bubble, Sundar Pichai, CEO of Google and its parent company, Alphabet, says the search giant will come out on top.

Jon Keegan11/19/25

Musk: xAI to build 500-megawatt data center in Saudi Arabia with Humain using Nvidia GPUs

Today in Washington, DC, Elon Musk announced that xAI is developing a 500-megawatt AI data center in Saudi Arabia in partnership with Humain — the country’s state-owned AI company — using Nvidia chips.

Competitors OpenAI and Anthropic are also turning to access the vast stores of capital available from Middle East investors to fund their colossal data center plans.

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

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