Republic Explains: Tesla’s New Move | Republic Business
Tesla, the renowned electric vehicle (EV) giant, announces a strategic shift, opting to utilise current factories for manufacturing more affordable vehicles, diverging from previous plans for new facilities in Mexico and India.
The move aims to boost production by 50% in 2023, targeting nearly 3 million vehicles. While this may impact cost reduction goals, Tesla prioritises capital efficiency amid market uncertainties. Despite falling short of financial targets, Tesla's shares soar 12% in after-hours trading, signalling investor confidence.
The decision follows a Reuters report in April revealing the shelving of plans for the affordable Model 2's launch in Texas, Mexico, and elsewhere.
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Tesla, the renowned electric vehicle (EV) giant, announces a strategic shift, opting to utilise current factories for manufacturing more affordable vehicles, diverging from previous plans for new facilities in Mexico and India.
The move aims to boost production by 50% in 2023, targeting nearly 3 million vehicles. While this may impact cost reduction goals, Tesla prioritises capital efficiency amid market uncertainties. Despite falling short of financial targets, Tesla's shares soar 12% in after-hours trading, signalling investor confidence.
The decision follows a Reuters report in April revealing the shelving of plans for the affordable Model 2's launch in Texas, Mexico, and elsewhere.
#RepublicBusiness #RepublicExplains #BusinessNews #TheBusinessMinute #Tesla #Electric vehicle #EV #Strategic shift #Factories #Manufacturing #Affordablevehicles #Facilities #Mexico #India #Production #Vehicles #Costreduction #Capitalefficiency #Marketuncertainties #Financialtargets #Shares #Afterhourstrading #Investorconfidence #Reuters #Report #Model2 #Launch
Welcome to the Republic Business Channel – Your Gateway to the World of Commerce and Entrepreneurship!
📈 Explore the dynamic landscape of business, finance, and innovation with our engaging and insightful content. Whether you're a seasoned entrepreneur, a budding business enthusiast, or simply curious about the latest trends in the corporate world, this channel is your go-to destination.
🚀 Uncover the secrets of successful business strategies, stay updated on market trends, and gain valuable insights from industry leaders and experts. From startup stories to in-depth analyses of global economic shifts, we've got you covered.
🎙️ Join our vibrant community of business enthusiasts, share your thoughts, and engage in meaningful discussions. Subscribe now to embark on a journey of knowledge, inspiration, and growth in the world of Republic Business!
You can stay connected with Republic Business on -
YouTube: https://www.youtube.com/@RepublicBusiness
Facebook - https://www.facebook.com/RepublicBusinesss/
Twitter - https://twitter.com/RepublicBiz
Instagram: https://www.instagram.com/republicworldbusiness/
Koo: https://www.kooapp.com/profile/RepublicBusiness
Whatsapp Channel: https://whatsapp.com/channel/0029Va7cXHxCHDynue5cUt3E
Telegram: https://t.me/RepublicBusiness
