Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk on Sunday put an end to the speculation about a potential Tesla smartphone.
What Happened: The rumors of a Tesla phone have been circulating for some time now. However, Musk dismissed these rumors during a livestream that covered a wide range of topics from Starship to Tesla.
"We are not going to do a Tesla phone," he announced, according to a post by Tesla investor Sawyer Merritt.
— Sawyer Merritt (@SawyerMerritt) June 10, 2024
Elon Musk on livestream tonight: "We are not going to do a Tesla phone."
Source: pic.twitter.com/XX9nOO6jBa
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Why It Matters: The speculation about a Tesla smartphone gained momentum last year when Musk hinted at the possibility of an "alternative phone" following the acquisition of Twitter, now rebranded as X. This was amidst uncertainty about the microblogging platform's status on mainstream app stores.
I certainly hope it does not come to that, but, yes, if there is no other choice, I will make an alternative phone
— Elon Musk (@elonmusk) November 25, 2022
On the other hand, last year in August, Nio Inc. the Chinese electric vehicle manufacturer and Tesla rival, cleared a significant regulatory hurdle. The company's first smartphone, bearing the model number N2301, successfully received an internet access license from China's Ministry of Industry and Information Technology.
Image via Shutterstock
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