Tesla Battery Day
New battery will travel 1.6 million km and will be cheaper
Tesla will have developed a new battery for its Electric Vehicles (VE), which will not only be able to last 1.6 million kilometers, but, thanks to its substantially lower production costs, it may come to make VE as competitive, in terms of prices, when internal combustion vehicles.
American Tesla remains committed to leading the development of electric vehicles, as well as their batteries.
To demonstrate this, the announcement that a new and revolutionary battery, which promises, from the start, a truly amazing life: about 1.6 million kilometers. More specifically, 1,609,344 km!
According to the Reuters agency, these new 1.6 million kilometer batteries will begin to be installed, either at the end of this year, or at the beginning of the next. Starting with the Tesla Model 3, made in China.
According to the same sources, these batteries will start to be installed in the Model 3 units sold in the Chinese market, since they will have been jointly developed by the Chinese company CATL (Contemporary Amperex Technology Limited).
Although these batteries are launched, first, in China, Tesla’s intention is to market them, also, in other world markets, using, however, versions with greater energy density, greater capacity, and above all, with even lower prices. They will also be available in other Tesla models, in addition to the Model 3.
According to the brand, this new battery has a low cobalt content, or none at all. Cobalt is an extremely expensive metal, and is even the most expensive component used in batteries.
$25,000 EV lead the big news
After the $35,000 Tesla, Musk says the next goal is a $25.000 Tesla.
Tesla plans to reduce the cost of its battery cells and packs, with an end goal of building a even cheap Tesla
“We’re confident that long-term we can design and manufacture a compelling $25,000 electric vehicle,” Musk said. It’s also important to note that Musk himself hinted at a $25,000 Tesla EV coming in three years… back in 2018.
Full Self-Driving beta
Today none of Tesla’s products are self-driving cars. But Musk is working to unlock the full potential of his cars’ Autopilot technology. Musk says a private beta test of the Full Self-Driving suite should be available in the coming months.
Half a million Cybertruck preorders
Musk said the truck has roughly 600,000 preorders, but keep in mind, these are just preorders, which are refundable deposits from people who are interested in a Cybertruck.
Tesla Battery Day doesn’t impress Wall Street
None of interesting news, it will have an immediate impact on Tesla’s vehicles. Tesla shares are down at the time of this writing. The downturn wiped $50 billion in value from Tesla stock.
