Tesla Vows to Cut Production Costs by Half as Elon Musk Keeps Plans for Affordable EV Under Wraps
Tesla will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. Shares fell more than 5 percent in after hours trade following the company’s investor day from its Texas headquarters. More than … Read more