Tesla said it has a plan to produce cars faster and for much cheaper, but it would require the automaker to ditch a 100-year old manufacturing process.  

The company is moving toward what it calls an "unboxed" approach to manufacture a $25,000 car. If the EV maker is successful, Tesla said it can cut production costs in half. 

For more, KCBS Radio's Holly Quan spoke with Bloomberg's Chester Dawson.