Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has definitively shut down speculation about the company’s long-rumored $25,000 traditional electric vehicle, marking a strategic pivot towards an all-autonomous future for the electric vehicle maker. What Happened: During Tesla’s third-quarter earnings call, Musk explicitly rejected the idea of developing a conventional $25,000 car, calling it “pointless” and “silly” in light of the company’s autonomous vehicle strategy. “I think having a regular $25,000 model is pointless. Yeah. It would be silly. Like, it’ll be completely at odds with what we believe,”…
