Tesla Abandons Gigacasting for Affordable EVs, Shifts Focus to Existing Models and Self-Driving Tech

Elon Musk's Tesla has halted its innovative gigacasting manufacturing technique, opting for a more traditional approach amid declining sales and increased competition.

Tesla has stopped its gigacasting project, which aimed to simplify manufacturing by casting large sections of a vehicle’s underbody in one piece.
The decision reflects a broader strategy shift as Tesla faces falling sales, shrinking profit margins, and fierce competition from Chinese EV makers like BYD.
Instead of pursuing gigacasting for cheaper EVs, Tesla will now focus on producing affordable models using its existing vehicle platforms and production lines.
Elon Musk emphasized the company's shift towards developing self-driving technology over expanding EV sales volume during recent earnings calls.
The move away from gigacasting also involves scaling back on new model development, including the cancellation of the anticipated $25,000 Model 2.