Tesla’s Quiet Breakthrough Could Reinvent How Vehicles Are Made
American carmaker Tesla Inc. (NASDAQ: TSLA) has been at the forefront of innovation in the automobile industry for the past decade or so, almost singlehandedly leading the introduction of cutting-edge software in EVs and developing a variety of next-generation electric cars. According to a recent Reuters report, Tesla has now made a breakthrough in vehicle manufacturing that could allow it to cut its production costs by as much as 50%. Electric cars are poised to replace conventional fossil-fuel cars over the next few decades. However, high purchase prices have consistently dampened electric vehicle demand. The average vehicle is $15,000 to…