Upcoming Tech News Hubb
Advertisement Banner
  • Home
  • News
  • Business Tech
  • Health Tech
  • Digital Tech
  • Contact
No Result
View All Result
  • Home
  • News
  • Business Tech
  • Health Tech
  • Digital Tech
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Business Tech

Tesla is reportedly redesigning the Model 3 to cut production costs

admin by admin
November 28, 2022
in Business Tech


Tesla is working on a redesign of the Model 3 codenamed “Highland,” according to . The company’s goal is to reportedly reduce the complexity and number of components required to produce the sedan. The redesign could include changes to the car’s exterior and powertrain performance. The project is also said to build on the revamp of the . However, it’s unknown if the redesigned Model 3 will feature the controversial steering yoke found in its more expensive sibling.

Reuters reports Tesla’s Shanghai Gigafactory will begin producing the new Model 3 sometime during the third quarter of 2023. The company’s Fremont plant will also make the redesigned sedan. It’s unclear how much Tesla expects to save on the new Model 3, nor whether the company will pass on the cost savings to consumers. Tesla currently makes a profit of about $9,500 for every car it produces. Reuters also makes no mention of whether the refresh will feature the automaker’s next-generation . In 2020, Elon Musk said the new battery design would enable Tesla to produce a $25,000 electric car within three years.

It’s safe to assume that even if the 2023 timeline is accurate, it could be subject to change. Reuters with its Tesla reporting recently, and it’s not like the company is great about sticking to deadlines either. When the automaker first announced the , for example, Elon Musk said volume production would start in 2021. That date first slipped to and then .

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing.





Source link

Previous Post

Google partners with med tech company to develop AI breast cancer screening tools

Next Post

As BlockFi files for bankruptcy, how contagious will FTX’s downfall become? • TechCrunch

Next Post

As BlockFi files for bankruptcy, how contagious will FTX’s downfall become? • TechCrunch

Recommended

Nothing Phone 2 Is Launching In The US Later This Year. Here’s What We Know So Far

1 day ago

TPP boss Hester takes pot shot at ‘artificially inflated’ hospital EPR prices

2 months ago

RocketLab’s first North American launch set for Sunday

1 month ago

NASA’s Orion spacecraft breaks Apollo 13 flight record

2 months ago

© 2022 Upcoming Tech News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Business Tech
  • Health Tech
  • Digital Tech
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Business Tech
  • Health Tech
  • Digital Tech
  • Contact

© 2022 Upcoming Tech News Hubb All rights reserved.