Tesla scraps innovative new manufacturing strategy – report

AutoExec Summary
Tesla has decided to scrap plans for a new production method that would have streamlined manufacturing and reduced costs by punching out a vehicle’s underbody in a single piece. This decision comes as Tesla aims to rein in spending following recent drops in sales, profitability, and global electric vehicle demand. The company has also cut costs by laying off employees and cancelling upcoming models. Despite these setbacks, Tesla plans to fast-track new electric vehicles by combining aspects of current and next-generation platforms. The brand aims to maximise production capacity and achieve over 50% growth by 2023 before investing in new manufacturing lines.
Brands mentioned: Tesla, BYD.