American carmaker Tesla Inc. (NASDAQ: TSLA) has been at the forefront of innovation in the automobile industry for the past decade or so, almost singlehandedly leading the introduction of cutting-edge software in EVs and developing a variety of next-generation electric cars. According to a recent Reuters report, Tesla has now made a breakthrough in vehicle manufacturing that could allow it to cut its production costs by as much as 50%.
Electric cars are poised to replace conventional fossil-fuel cars over the next few decades. However, high purchase prices have consistently…
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