Tesla engineers have developed a new process they expect will reduce the cost of making an electric vehicle by 50 percent. This is a major breakthrough for the company, which has been struggling to achieve profitability and compete with other automakers in the rapidly growing EV market.
The new process involves using a single-piece casting machine to create the entire rear underbody of the vehicle, instead of assembling it from multiple parts. This reduces the weight, complexity and manufacturing time of the vehicle, as well as the number of robots and workers needed.
Tesla claims that this process will also improve the quality and safety of its vehicles, as there will be fewer welds and joints that could fail or corrode. The company claims that this process will enable them to produce electric vehicles that are more affordable, efficient, and sustainable than ever before.
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Tesla has already installed the giant casting machine, dubbed “Giga Press”, at its Fremont factory in California, and plans to deploy more of them at its other factories around the world. The company says that the Giga Press can produce one rear underbody every 90 seconds, which translates to about 4,000 vehicles per day.
The new process is the result of years of research and development by Tesla’s engineering team, led by Elon Musk, the founder and CEO of Tesla. Musk said that the new process is a game-changer for the electric vehicle market, as it will make electric vehicles more accessible and attractive to consumers. He also said that the new process will help Tesla achieve its mission of accelerating the transition to sustainable energy. He also hinted that Tesla has more surprises in store for its upcoming Battery Day event, where it is expected to reveal new battery technologies and products.
Tesla plans to implement the new process in its upcoming models, starting with the Model 3, which is expected to launch in 2024. The company expects that the new process will lower the price of the Model 3 from $40,000 to $20,000, making it one of the most affordable electric vehicles on the market. The company also expects that the new process will improve the performance, range, and durability of the Model 3, as well as reduce its environmental impact.
Tesla hopes that by lowering the cost of production, it will be able to offer more affordable and attractive EV models to consumers and increase its market share and profitability. The company also aims to achieve its long-term goal of producing 20 million vehicles per year by 2030, which would make it one of the largest automakers in the world.
Tesla’s new process is a major milestone for the electric vehicle industry, as it could potentially disrupt the dominance of traditional gasoline-powered vehicles. Tesla hopes that its new process will inspire other automakers to follow suit and adopt more innovative and sustainable practices. Tesla also hopes that its new process will encourage more consumers to switch to electric vehicles and contribute to the fight against climate change.