On the surface, it seems to take the wind out of their sails.
They told us the cybertruck was awesome.
They told us flying cars soon.
Now we see the fate of the first promise.
I would have delayed this announcement for as long as possible after the flying car show from a PR perspective.
Which makes me think this announcement is throwing a bone to the financial bean counters ahead of the potential merger with SpaceX.
Cleaning the companies books of fat before the big game.