Tesla has decided against pursuing its plan for one-piece gigacasting, choosing instead to maintain its current method of casting vehicle underbodies in three separate parts: the front, rear, and midsection. This decision comes from two sources familiar with the matter, as reported by Reuters.
The shift away from one-piece gigacasting coincides with Tesla’s refocus on developing self-driving vehicles and its decision to step back from introducing a new affordable car, known as the “Model 2.” This model was anticipated to utilize the one-piece gigacasting technology.
By sticking with the three-piece method, previously utilized for models like the Model Y and Cybertruck, Tesla is indicating a strategy geared towards cost-cutting. This decision is driven by factors such as declining sales, reduced margins, and increased competition. Moreover, the company recently laid off over 10% of its global workforce.
Despite this setback, Tesla remains committed to advancing self-driving technology and plans to introduce more affordable models by leveraging its current platforms and production lines. This suggests a continued emphasis on innovation and adaptability within the automotive industry.
Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.
Be First to Comment