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.
Your car is the one vehicle that you cannot go without. It’s your constant companion and a major source of daily expenses, so it is definitely every car owner's aim to reduce the cost of car maintenance as much as possible. Just like any other mechanical device, your vehicle undergoes wear and tear which means more costs to your vehicle. However, with Coverking, you don't have to worry about that anymore.
Our quality custom covers are made from special materials that will protect your vehicle from damage, while also adding some much-needed flair to your ride. And because these items are handcrafted by expert artisans using time-honored techniques, they're guaranteed to last for years before needing any kind of maintenance or repair.
That means less spending on repairs or replacements and more time for you to focus on your work. So if you're looking for a way to protect your vehicle without costing an arm and a leg, look no further than Coverking!
