The Electric: No Longer Propelled by Tesla, the EV Industry Retreats Faster

In February, Tesla CEO Elon Musk shelved plans to release a $25,000 electric vehicle—the company’s first EV for mainstream customers—next June. Musk said he wanted to prioritize the development of the autonomous Robotaxi, but his decision has had a much wider impact, helping to throw the nascent EV industry into reverse.