Wednesday , November 25 2020

Tesla Battery Day: news and updates from Elon Musk’s announcement

Tesla’s “Battery Day” event, held on September 22nd, 2020, was a showcase for Elon Musk to show off his company’s latest battery improvements.

Tesla unveiled plans to develop a “million mile” battery that could last an electric car’s entire lifetime on the road. It also outlined plans to dramatically reduce the cost of its battery cells and packs to $100 per kilowatt-hour, at which point experts believe electric cars will become comparable in price to combustion engine vehicles.

Tesla is already the industry leader when it comes to squeezing range out of lithium-ion batteries in electric cars, but its ability to continue to innovate on its battery technology helps explain why the company’s stock prices have soared in recent months.

This Article was first published on theverge.com

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