Tesla Model 3
The Tesla Model 3 is currently the EV maker's cheapest vehicle within its lineup.
  • Elon Musk teased details about a cheaper Tesla model just a few months ago.
  • Bloomberg reported Tesla has shifted to robotaxis, which Musk said will be revealed in August.
  • The change in priority comes as Tesla reports slow sales and decline in revenue.

If EV consumers were looking for a cheaper Tesla in the immediate future, that hope may have to be put on hold for now.