Tesla has combined a series of innovations to make a technological breakthrough that could transform the way it makes electric vehicles and help Elon Musk achieve his aim of halving production costs, five people familiar with the move said.
Auto sales in Europe experienced a 17% increase in July, marking the 12th consecutive month of growth. The rise in sales can be attributed to the growing demand for electric vehicles and improved availability of parts. Sales of battery-electric cars surged by 62%, while diesel models saw a decline of 9%. Despite the positive growth, the industry s outlook is uncertain due to concerns about higher living and borrowing costs impacting consumer demand.