Page 18 - Lars Moravy News Today

Tough Tesla has announced to assembly costs by half in future generations of cars, there’s no sign of the launch of an affordable vehicle.

Teslas CEO Elon Musk hosted the companys annual Investor Day today and made some bold predictions about the future.

Tesla is going to cut manufacturing costs using its new 'unboxed' production process

Asian markets are mixed after higher bond yields in the U.S. weighed on equities overnight

Tesla announced some novel ideas for its future models at its Investor Day event on Wednesday. Take all of them with a grain of salt. 

The CEO disappointed many who had been expecting him to lay out a plan to make a small, affordable EV to broaden Tesla’s appeal and fend off competition.

By Hyunjoo Jin SAN FRANCISCO (Reuters) - Tesla Inc engineers at the company's Investor Day on Wednesday described plans to cut vehicle assembly costs by half, and Chief Executive Elon Musk hinted at a next

Tesla has outlined a strategy to halve its production costs and speed up the time it takes to build a new car, which will lead to the launch of more affordable models.

At the close of trading Wednesday, Musks net worth was down $1.91 billion on the day, to $184 billion, dropping back below the $186 billion fortune of luxury goods mogul Bernard Arnault.

Shares fell more than 5five per cent in after hours trade following presentations at the company’s investor day from its Texas headquarters