Waymo, the autonomous driving technology company owned by Google parent Alphabet, is teaming up with South Korean automaker Hyundai to bring electric vehicles to its growing robotaxi fleet in the US.

Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.