Elon Musk gave his investors good news this week (on Sept.22, "Battery Day"). Some had been revealed earlier, some had not, but altogether this news will make Tesla even more attractive to car buyers.
Improvements in Tesla batteries are technical: cell design, streamlining of the factory making the cells, innovations in the anode materials, altering the cathode materials, and finally changing how the batteries would be integrated into the car.
Also important, cobalt - a very expensive material not easily obtained - is being progressively phased out.
These innovations will result in a reduction of the cost of an EV (electric vehicle) battery . . an amazing reduction of about 56%.
from Forbes
(cont'd tomorrow)
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