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Tesla says it will cut costs of next generation cars in half by using innovative manufacturing techniques and smaller factories

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Image Credit: business standard

Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan.