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Tesla Backs Off Gigacasting Manufacturing Plans [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Following the news of Elon Musk firing the entire Supercharger team , Tesla is reportedly backing away from its high-volume gigacasting manufacturing plans, according to Reuters . After its recent earnings report missed the mark for shareholders and analysts alike, Tesla is seemingly backing off its most ambitious strategies in the name of cost-cutting. After tempering its charging network advancements, Tesla is allegedly slowing its role in the radical manufacturing process, pioneered by its supplier Idra Group . The idea is to die-cast large portions of the car's underbody. According to a Reuters report from last year, Tesla was prototyping a small-vehicle platform known as the Model 2, with the explicit goal of casting the underbody in one piece. Instead of costly and extended assembly processes, Tesla's vision of punching out underbodies whole was a revolutionary one, but that is all being put on pause for now. Instead, Tesla is sticking with its current three-piece underbody
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