Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

New breakthroughs at Tesla could halve EV costs

Published

on

Tesla, led by Elon Musk, is on the verge of a groundbreaking technological advancement that could revolutionise the way electric vehicles (EVs) are manufactured. 

The company has combined several innovations in a bid to significantly reduce production costs, aligning with Musk’s goal of halving the expenses associated with EV manufacturing, sources familiar with the matter told Reuters.

One of Tesla’s key innovations is the use of massive presses, exerting 6,000 to 9,000 tons of clamping pressure, to mould the front and rear structures of its Model Y through a process known as “gigacasting.”

This approach has already proven successful in reducing production costs, putting competitors in catch-up mode.

Now, Tesla is closing in on another breakthrough: the ability to die-cast nearly the entire complex underbody of an EV in a single piece, rather than relying on around 400 individual parts, as is the norm in conventional cars.

This innovation is at the core of Tesla’s “unboxed” manufacturing strategy, part of Musk’s ambitious plan to produce tens of millions of more affordable EVs in the next decade while maintaining profitability.

Tesla’s unboxed model involves creating large sub-assemblies of a car simultaneously and assembling them later.

However, specifics about the size and composition of these modular blocks remain subject to speculation.

Game Changer

Experts in the automotive industry view this development as a game-changer.

Terry Woychowski, President of U.S. engineering firm Caresoft Global and a former executive at General Motors (GM), noted that gigacasting the underbody of an EV has significant implications for the industry but also acknowledged the substantial challenges involved in such a feat.

Sources suggest that Tesla’s new design and manufacturing techniques could allow the company to develop a car from scratch within 18 to 24 months, a timeline significantly shorter than what most rivals currently require, which typically ranges from three to four years.

This innovation could potentially be applied to Tesla’s upcoming small EV, slated for a launch with a $25,000 price tag by the middle of the decade.

Tesla is expected to make a decision on whether to proceed with die-casting the platform as a single piece, possibly as soon as this month, though adjustments may occur during the design validation process.

Continue Reading

News

Trump, Newsom unite to address wildfire devastation

Trump Tours Palisades Fire Damage, Meets Gov. Newsom to Discuss Recovery Efforts After Criticism of Response.

Published

on

Trump Tours Palisades Fire Damage, Meets Gov. Newsom to Discuss Recovery Efforts After Criticism of Response.

President Donald Trump arrived at Los Angeles International Airport to assess the damage caused by the Palisades Fire in Pacific Palisades.

He was welcomed by California Governor Gavin Newsom, and the two exchanged pleasantries before addressing reporters.

Trump expressed appreciation for Newsom’s presence, stating, “We want to get the problem fixed. It’s like you got hit by a bomb.”

Governor Newsom thanked Trump for visiting the affected area and acknowledged the significant impact of the disaster.

He highlighted the need for federal support and emphasized the importance of collaboration for recovery. Newsom recalled Trump’s assistance during the COVID pandemic, expressing his hope for a cooperative effort moving forward.

Both leaders acknowledged the severe situation in Palisades and surrounding areas like Altadena, where residents are in need of help. This meeting aims to foster a partnership to address the aftermath of the wildfires.

Continue Reading

News

Musk’s visit highlights Boeing’s Air Force One problem

Musk’s Air Force One visit highlights Boeing’s struggles with delays and budget issues amid fierce competition from SpaceX.

Published

on

Musk’s Air Force One visit highlights Boeing’s struggles with delays and budget issues amid fierce competition from SpaceX.

On December 18, Musk visited Boeing’s military aircraft facility in San Antonio, Texas.

The billionaire, assigned by former US President Donald Trump to reduce government inefficiency, arrived in his Gulfstream G650.

Elon Musk visits the Boeing factory in Texas.

He came to review the new version of Air Force One, which is significantly delayed and facing a budget overrun of $2.7 billion.

This situation has become a significant issue for Boeing’s CEO, Kelly Ortberg.

Musk’s involvement is particularly striking given that his company, SpaceX, competes directly with Boeing in the aerospace sector.

His inspection of the presidential jet highlights the challenges Boeing faces in fulfilling government contracts amidst high expectations and critical scrutiny.

Continue Reading

News

Putin blames Trump election loss for Ukraine crisis

Putin claims Ukraine crisis stems from Trump’s 2020 election loss, expresses readiness for negotiations with the new US president.

Published

on

Putin claims Ukraine crisis stems from Trump’s 2020 election loss, expresses readiness for negotiations with the new US president.

Vladimir Putin stated that the Ukraine conflict could have been prevented if Donald Trump had won the 2020 election.

He described the ongoing war as a ‘crisis’ and expressed that the bloodshed in eastern Europe might not have occurred under a Trump presidency. Putin praised Trump as ‘smart and pragmatic’ and indicated his openness to negotiations concerning Ukraine.

Despite this, remarks from Putin’s Foreign Ministry criticized Western arms supply to Ukraine and questioned the legitimacy of the Ukrainian government.

Ukrainian President Volodymyr Zelensky’s office insisted that any peace talks would require European representation.

Trump had previously claimed he could resolve the war quickly if he had been president. Just after beginning his second presidential term, there have been no signs of an imminent resolution to the conflict.

He recently warned Putin of potential taxes and sanctions if Russia does not agree to peace talks.

Advisers suggested that military aid to Ukraine could be curtailed if Kyiv does not agree to a deal. Trump criticised Zelensky, implying that the Ukrainian leader should have prevented the war.

Political analysts doubt Trump’s ability to end the conflict swiftly, highlighting Russia’s advantageous position in negotiations. However, some in Ukraine remain cautiously optimistic that a Trump presidency could offer a better alternative to the current situation under President Biden.

Continue Reading

Trending Now