Tesla will face challenges with a new battery technology, experts say - Business Insider

to help shape our coverage. It's a sweet gig with a ton of opportunity to make a mark on a fresh beat for our newsroom.

Climate commitments erupted from this week — Climate Week — like popcorn from seed, oil from a pressurized well, electrons from solar cells. China, the world's top emitter, made a surprising pledge to reach net-zero emissions by 2060. California said it would ban sales of new gas-guzzling cars by 2035. Meanwhile, a number of corporate giants — from Morgan Stanley to Walmart — committed to various emissions reduction targets. Nikola's founder and chairman

amid allegations of fraud. Tesla, on the other hand, held its much-anticipated "battery day" Tuesday, during which it announced a new cell design and forthcoming $25,000 electric car. Randomly selected shareholders watch Elon Musk announce changes to Tesla's battery design during the firm's "Battery Day" Tuesday.Picture a drive-in theater for the wealthy with Elon Musk on stage. That was essentially Battery Day.

Seated in parked Tesla cars, shareholders watched as Musk, who's known for fanfare, announced major changes to the firm's batteries that would result in steep cost reductions.

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