Tesla outlines ambition to halve cost of batteries. Elon Musk laid out ambitious technical plans on Tuesday that he claimed would cut the cost of Tesla’s batteries by more than half.
FT 23rd Sept 2020 read more »
Tesla has promised a $25,000 electric car in the next three years as it halves the cost of its batteries. Chief executive Elon Musk unveiled a plan to make electric cars accessible to the masses, conceding that the company does not yet have “a truly affordable car”. “The rate of improvement of the affordability of cars is just not fast enough,” Mr Musk said in a presentation which opened with the apocalyptic red skies seen in California as a result of wildfires earlier this month. The company’s cheapest car, the Model 3, currently costs $38,000 (£30,000). Speaking to shareholders at an event at Tesla’s factory in Fremont, California, Drew Baglino, the company’s head of powertrain engineering, said the company had a plan “to halve the cost per kwh” through a new cell design, materials sourcing and factory efficiency.
Telegraph 23rd Sept 2020 read more »
The electric car hype machine: Why investors are more sceptical than ever. A rush of interest in Tesla has led to a wave of other electric car companies seeking to cash in on the hype in the sector.
Telegraph 22nd Sept 2020 read more »