While legacy auto-makers General Motors (NYSE: GM), Ford Motor (NYSE: F) and Stellantis N.V. (NYSE: STLA) are facing an unprecedented UAW strike, the EV king, Tesla Inc (NASDAQ: TSLA) is reportedly close to a manufacturing breakthrough. Along with famously not having a unionized workforce, Tesla also enjoyed a 7% rise of its stock since the beginning of September, ending last week 3.9% up to $274.39, and rising more than 150% year to date. Meanwhile, the legendary German automaker BMW (OTC: BMWYY) revealed that its most iconic high-performance car is getting its electric version. While the Big Three automakers, General Motors, Ford and Stellantis aren’t making much progress with their negotiations, Tesla and BMW are confidently marching towards their EV goals.
Tesla’s Manufacturing Breakthrough
According to Reuters, Tesla is getting closer to a revolutionizing EV making through employing a die-casting technique that create nearly the entire underbody of an EV as a single unit as opposed to roughly 400 components required for the conventional method. According to Terry Woychowski of Caresoft Global, this ...