Tesla Eyes Manufacturing Breakthrough With Gigacasting Innovation
Portfolio Pulse from Benzinga Neuro
Tesla Inc. is reportedly close to a manufacturing breakthrough that could reduce costs and increase production efficiency. The new process, known as 'gigacasting', involves die-casting the entire vehicle underbody as a single piece, replacing the traditional method of constructing about 400 separate parts. This technique is expected to be used on Tesla's upcoming $25,000 electric car.
September 15, 2023 | 2:21 am
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Tesla's potential manufacturing breakthrough could significantly reduce costs and increase production efficiency, which could positively impact the company's bottom line and stock price.
The new manufacturing process, if successful, could significantly reduce Tesla's production costs and increase efficiency. This could lead to higher profit margins and potentially a higher stock price. However, the success of the new process is not guaranteed and there may be unforeseen challenges.
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