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Tesla unlikely to sell $25,000 car soon, but battery plans promising - Business Insider

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Tesla may not sell a $25,000 car anytime soon, but Elon Musk's ambitious battery strategy will help it fend off competition from GM and VW

in 2018 — the company appears poised for significant improvements in battery technology that will keep stockholders happy, and competitors at bay.

The cost reductions Tesla predicted stretch the limits of what's possible, given the prices of the raw materials that go into batteries, Jaffe said, but the company made a strong case for why it thinks it can take big steps in that direction. Batteries represent a "huge" percentage of the costs involved in building an electric vehicle, said Michael Ramsey, an auto industry analyst at Gartner, which means if Tesla can hit its goal of cutting cell prices by 56%, or even less than half that number, it would represent significant progress in making EVs cost competitive with similar gas-powered models .

 

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Daanngg why so much hate towards elonmusk the man is helping out this country more than people realize. We need to back Tesla $TSLA not try and run the man into the ground. Yikesss Nasdaq NASA NYSE stocks stockstowatch

Tesla's new technology batteries secured the future of Tesla with millions of EVs sales by 2025. GM, Ford, Toyota do not have it and do not have any idea how to get to Tesla battery supply volumes with Tesla's incredible battery performance and cost at $50 per kWh.

Alright. No rush in California. The emperor of just seems to be dictating that we must have electric cars and trucks in California by 2035. Thank god tech advances quickly but if they could begin a truck a farmer would use. And then an affordable version. That would be great.

😂😂😂😂😂😂

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