You've successfully subscribed to Warp News
Great! Next, complete checkout for full access to Warp News
Welcome back! You've successfully signed in.
Thank you! Check your email inbox to activate your account.
Success! Your billing info is updated.
Billing info update failed.
πŸ”‹ Tesla cuts battery cost by 56% and promises $25,000 car

πŸ”‹ Tesla cuts battery cost by 56% and promises $25,000 car

On Battery Day Tesla announced major breakthroughs that lead to 56 percent cheaper batteries with a 54 percent better range. This makes it possible to produce a $25,000 car, making it more affordable to buy and own an electric car than one with an internal combustion engine.

Mathias Sundin
Mathias Sundin

On Battery Day showed the enormous effort they are putting in to cut the cost of electric vehicles to be cheaper to buy than the comparable fossil fuel-powered car.

To do that the battery is the most important part and they revealed some breakthroughs in all aspects of producing a battery.

This leads to a 56 decrease in the cost of making the battery, but also increased range by 54 percent and their investment to produce one gigawatt of batteries reduced by 69 percent.

Tesla will produce an electric vehicle with extreme performance and range and sell it for $25,000 in just three years.

They didn't specify the range, but above 300 miles in one charge is not a wild guess.

It will probably make 0-60 miles per hour in about 5 seconds.

Tesla's goal is to speed up the transition to sustainable energy, or as Elon Musk said on Battery Day:

"Make the sustainable future come sooner."

A message we at Warp News approve of.

πŸ“ Get a weekly dose of fact-based optimism right in your inbox every week.

Join over 15,000 optimistic, forward-looking subscribers who are making a better and more prosperous future come sooner.