According to media reports based on interviews and leaked memos from internal sources at Tesla, the company plans to abandon the production of a budget-oriented (cheaper than $25,000) passenger car in favor of going all in on robotaxis according to reuters. Musk has since publicly denied the claims, though it’s not like we’d put it past him to reverse the decision. The reports claims that Tesla abandoned the project to place more focus on self-driving and robotaxi development, which Musk claims to be the future of mobility, though the timeline for its commercialization remains well down the line. Competition from primarily Chinese entrants within the <$25,000 battery electric vehicle (BEV) market is being cited as the primary reason for Tesla…