Tesla's Powerful New Battery & $25,000 EV
Tesla Battery Day & Annual Shareholders' Meeting 2020 Source: Tesla Prototypes - Cybertruck, Cyberquad, Roadster, Semi Source: Tesla 2020 Shareholders' Meeting New, Breakthrough Battery Tesla's 2020 Annual Shareholders' Meeting and Battery Day did not disappoint. CEO Elon Musk revealed that he has a $25,000 electric car in the works that will be fully autonomous. The EV, which hasn't been named yet, will be on the market in three years. The breakthrough price, Musk said, has been made possible by his new breakthrough battery technology. Big Battery Upgrade - The 4680 Musk's next generation battery is a very big deal. At one-half the cost, the 4680 delivers six times more power, provides 5 time more energy and expands the driving range by 16%. Production on it has already started. The battery's cost savings and increased power will impact the entire Tesla product line over time. Tesla has brought down battery costs fr