Didn’t they just announce they were working on affordable cars. Seeing as their current line is not affordable by any reasonable standard, surely firing people working on new cars is a shitty message to investors? Also to existing staff!
They did not announce they were working on affordable cars, or at least not a new model that would be more affordable than the models they have now.
Musk pushed all questions about new models to the Robotaxi event in August and the media filled in the blanks and ran with "new, cheaper model" putting words into Musk's mouth.
He did say they weren't going to build a new production line.
Bang goes TSLA gains this week.