Wednesday, March 1, 2023

Tesla plans to halve production costs, affordable car a no show

Tesla Inc will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil a much-awaited small, affordable electric vehicle. Shares fell more than 5% in after hours trade following presentations at the company's investor day from its Texas headquarters. A question-and-answer program is continuing.

from Gadgets Now https://ift.tt/y0meBpG

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