Tesla is planning to build a $26,838 car at its factory near Berline, Victoria Waldersee of Reuters reports, citing a source with knowledge of the matter. The source did not say when production would begin. The carmaker is closing in on an innovation that would allow it to die cast nearly all of the underbody of the vehicle in one piece, which would allow production to speed up and costs to lower, sources told Reuters.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TSLA:
- Wall Street Loves Uber Stock (NYSE:UBER). Should You Ride Along?
- Notable open interest changes for November 6th
- Tesla (NASDAQ:TSLA) Plans to Build Low-Cost Car at German Plant
- Tesla (NASDAQ:TSLA) Hikes Wages of German Workers; Avoids Union Woes
- Elon Musk’s xAI Launches Grok to Compete with GPT Models