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Tesla production cost per vehicle is 36000 usd down from 84000 sd-2017
The electric car maker said increases in productivity and sales contributed to lowering the per-vehicle cost.
The cost to produce an electric vehicle is one of the biggest barriers to EV adoption. Car companies have often questioned how long it would take for the competition to drive down electric cars production costs, and even if they could do so without sacrificing performance or quality.
At the Goldman Sachs tech conference in San Francisco, Tesla's head of investor relations, Martin Viecha, went over the company's next five years. He explained how the company's growing production and technology will help drive down manufacturing costs. Viecha also shared his thoughts on how Tesla could make even more profit off its current business in the future.
Tesla production cost per vehicle is 36000 usd down from 84000 sd-2017
The cost of manufacturing is a key indicator of the number of cars a company can make, as well as its size. Tesla’s cost per vehicle has dropped to $36,000 from $84,000 in 2017. However, the company did not get rid of expensive batteries as a result of that cut. In fact, according to Viecha, almost none of the savings came from lower battery costs.
Tesla has benefited from the fact that its vehicle assembly line is now more automated, using robots within each section rather than multiple sets of hands which helped cut down on labor costs per unit.
Ultimately, Tesla has lowered the price of its vehicles through innovation, improving its performance in an established market. This was a smart choice that may benefit the company in the long run, as it looks to proliferate electric cars further into the market.
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