This week in Tesla news, we have the Tesla Model S Plaid leaving behind a $3.6 million Bugatti Chiro in the latest DragTimes video. Both cars performed well but the Model S Plaid proved to be the better vehicle.
In Germany, Tesla is building battery cells at Giga Berlin faster than previously projected despite the earlier reports claiming that Tesla was delaying battery production in Germany.
Vikram Bagri, who was known to be a Tesla bear, has changed his tone on Tesla and is now encouraging his clients to hold.
"We believe the stock is fairly priced, and we do not see a catalyst for underperformance in the near-term,” he said.
In fact, we see several potential catalysts that could drive the stock higher.”
Earlier this week, Tesla's head of investor relations, Martin Viecha, held a talk at the invite-only Goldman Sachs tech conference. During his talk, the Tesla executive noted that in 2017, it cost Tesla $84,000 to produce each car. That cost, he said, has been reduced to $36,000 per vehicle and the cost drop isn't related to battery costs at all. It's the result of Tesla's continuous efforts to improve its vehicle design.