Tesla's new battery technology could drive down cost of electric cars, company says

The Model Y now starts at $50,000.at Tesla's"Battery Day" event outside its production facility in Freemont, California, on Tuesday.

The new battery pack accomplishes the same thing by using a design that integrates a series of small bumps and spikes, which the company hopes will eliminate the need for a tab, and consequently drive down costs and production time. Musk tweeted the tech is"way more important than it sounds," after the patent was approved back in May.Elon Musk conducts Tesla’s “Battery Day” event outside its production facility in Freemont, Calif., Sept. 22, 2020.

Tesla also said the new batteries would be 56% less expensive to manufacture and are being developed entirely in-house. Tesla's investment in its own battery technology doesn't mean it's ramping down partnerships with other battery producers, Musk said. In a tweet prior to Tuesday's event, the CEO said the company plans to"increase, not reduce battery cell purchases from Panasonic, LG & CATL " He also said the company is predicting shortages in battery cells from those suppliers and is ramping up in-house efforts to mitigate those shortfalls.

The Model 3 faced significant delays as the company ramped up production in 2017. Since the start of the coronavirus pandemic earlier this year, Tesla has also pushed back planned releases for its"Semi" truck and"Roadster" sports car. But Baldwin says the company is making improvements, noting that the Model Y crossover was released ahead of schedule.

Explains why he was in support of toppling foreign countries for their lithium, he needed resources for his venture. 🤷🏻‍♂️

If you live in California don't bother. People can't even turn on the lights because of the rolling blackouts.

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JSmithpolitics1 elonmusk is at it again 🙌🏼

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FordTrucks 📟 has a new battery plant coming on the Rouge for its own batteries

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New process will be a manufacturing standard with new technics like Maxwell dry process and high nickel anode with expandable binder to limit cracking. 4680 size is a step up in energy density and tabless design helps cooling. Structural battery pack cuts weight

more power

Elon is into blondes with big dildos

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Tesla will face challenges with a new battery technology, experts say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in just 3 days,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx
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Stocks making the biggest moves midday: Tesla, Costco, Royal Caribbean & moreTake a look at the stocks making headlines in midday trading. Are Muskovites drinking the Musk oil infused Kool-Aid again?
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