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.
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Here are Tesla’s biggest announcements from Battery Day
Elon Musk said the company will phase out cobalt and aims for a $25k car
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Cutting cobalt makes batteries cheaper
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Tesla announces it will build a new cathode plant
CEO Elon Musk made the announcement at battery day
Tesla announces ‘tabless’ battery cells that will improve range of its electric cars
The company is bringing battery production in-house
Elon Musk warns new Tesla battery tech won’t reach mass production until 2022
Musk manages expectations ahead of today’s event
What to expect at Tesla’s Battery Day event
‘Million mile’ batteries and ‘Terafactories’ are just some of the things that could be on deck for Elon Musk’s big event
