Previous close | 10.10 |
Open | 9.50 |
Bid | 7.90 |
Ask | 8.00 |
Strike | 180.00 |
Expiry date | 2024-05-17 |
Day's range | 7.15 - 10.25 |
Contract range | N/A |
Volume | |
Open interest | 18.18k |
Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker’s gigacasting operations.
Shares of the electric-vehicle maker rose about 4% in April, beating the S&P 500 by about 8 percentage points.
Tesla takes action amid slowing growth at fast-charging stations, Walmart unveils premium private-label foods and closes health clinics, and other news to start your day.