Tesla Inc. TSLA is reportedly nearing a manufacturing breakthrough that could cut costs and boost the production efficiency of its vehicles.
The Verge reported that Tesla’s new production process will enable it to die-cast the entire vehicle underbody as a single piece, unlike traditional techniques which involve constructing about 400 separate parts.
Known as “gigacasting,” this approach, which Tesla already uses to an extent in building its Model Y SUV, is considered highly efficient and cost-effective. Now, Tesla is reportedly refining this technique even further.
The updated method involves a mold-making process using 3D printing and industrial sand, enabling easy alterations, even when scaled up to the size of a vehicle. Despite challenges with the aluminum alloys used in casting, specialists were able to alter the alloy formula and fine-tune cooling and heat treatment processes to make it viable.
With this innovation, Tesla could cast a complete underbody in a single piece, replacing the traditional method of welding pieces together. This method requires larger “gigapresses,” indicating the need for more space in Tesla’s production facilities.
The new casting technique aligns with CEO Elon Musk’s previously announced “unboxed” production process. This process could streamline car building, starting with a single-piece cast, painting only the necessary parts, and assembling the rest in one step.
As part of Tesla’s ongoing aim to reduce manufacturing costs, this breakthrough could have a significant impact on the company’s bottom line. The new process is anticipated to be used on Tesla’s long-awaited $25,000 electric car.
Read Next: Contemporary art pieces have shown miniscule correlation to other assets during crises. However, not all are created equal. Click here to invest in pieces experts agreed could outperform the market.
Photo by JHVEPhoto on Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.