Tesla has scrapped its long-awaited affordable car, a move that marks a significant departure from its mission of providing electric vehicles for the masses, with CEO Elon Musk shifting focus towards developing self-driving robo-taxis instead. The cancellation, confirmed by internal sources and company messages, has led to a 6% drop in Tesla’s shares, challenging Musk’s repeated promises of delivering an inexpensive model. Despite Musk’s prior commitments, the decision reflects the intensifying competition in the electric vehicle market, particularly from Chinese manufacturers offering lower-priced alternatives.