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Tesla plans to halve EV production costs, Reuters reports

Tesla plans to cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, though CEO Elon Musk did not announce when the EV car maker will debut an affordable electric vehicle, Reuters’ Hyunjoo Jin, Joseph White and Akash Sriram report. Musk had been expected to lay out a plan to make a more-affordable EV, the report notes. Reference Link

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