September 23, 2020
Considering the improvements presented at Battery Day, the cost of producing Tesla batteries will be about $68/kWh. However, battery technology is constantly evolving, which may mean that at the moment, the cost of producing Tesla batteries may already be lower than presented by Cairn Energy. Considering this, we can safely assume that in 2-3 years, the cost could be significantly lower than 70$/kWh.
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September 23, 2020
Tesla expects to be able to move forward with plans to manufacture battery cells and battery packs in Giga Berlin, a company spokesman said. The Brandenburg Ministry of Agriculture, Environment and Climate Protection is expected to formally approve the construction plans by year-end, following the submission of the relevant applications.
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September 23, 2020
The structure of a car is a critical component of its efficiency and performance. This is why Tesla is deeply focused on continuing to enhance its vehicles' structure. During Battery Day, the company announced that it will improve the design of its vehicles using a new battery architecture--utilizing a truly radical, new approach to manufacturing car parts.
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September 23, 2020
While some retail investors were unable to correctly interpret what Tesla presented at Battery Day, Deutsche Bank got the message. Analysts at Deutsche upgraded Tesla to buy from hold, lifting its price target 25% to $500 from $400.
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September 23, 2020
It is not news that Tesla may start mining the minerals used in electric vehicle batteries. Tesla CEO Elon Musk talked about this last year. Today, during Battery Day, he announced that the company is entering the mining business.
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September 23, 2020
During today's Battery Day, Tesla unveiled the new Model S Plaid, which the company's CEO Elon Musk has been talking about for a long time.
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September 22, 2020
During Battery Day today, Tesla CEO Elon Musk announced that—thanks to the company's development of battery cells—within the next 3 years the company will present an affordable electric vehicle.
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September 22, 2020
During Battery Day, Tesla unveiled a new battery design—the 4680 tabless cell. Thanks to this increase, we get five times more energy, 16% more range, and six times more power. It also lowers the dollar-per-kilowatt hour cost of the battery by 14%.
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September 22, 2020
Tesla continues to ramp up deliveries for the Q3 2020 quarter-end push. The Fremont factory is on a very tight schedule as the company strives to deliver as many vehicles as possible to its customers by the end of the quarter.
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