Tesla held its first-ever Investor Day occasion on March 1st on the Austin, Texas-based Gigafactory. The corporate’s CEO, Elon Musk, revealed the third a part of his “Grasp Plan,” which outlined ways in which Tesla would cut back its manufacturing prices and develop to “excessive measurement.”
Tesla has been buffeted by questions round demand, value, and administration — particularly within the wake of Musk’s disastrous acquisition of Twitter. However after steep inventory declines in 2022, the corporate seems to be on extra strong footing. Tesla slashed the costs for its common Mannequin 3 and Mannequin Y by as much as 20 percent, which appeared to assist entice extra clients.
That is the place you’ll find all of the information from Tesla’s Investor Day, so you’ll want to examine again as extra tales are revealed.