Tesla says it will cut costs of next generation cars in half
Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories
By TOM KRISHER
Published - Mar 01, 2023, 09:06 PM ET
Last Updated - Jun 22, 2023, 06:29 PM EDT
DETROIT (AP) — Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories.
CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan.
“We'd be jumping the gun if we answer your question,” about the new vehicles, he told an analyst.
