Tesla says it could have a $25,000 self-driving model available within three years as CEO Elon Musk announces new battery design that will cut costs
FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China on January 7, 2020.
Musk had put out word on Twitter that Battery Day announcements would be "insane," driving high expectations. Th ey expected it to be several years before transformative battery making methods were being used at scale in Tesla factories. Making lithium-ion batteries cheaper and more abundant is essential to a global shift to renewable power, which is Tesla's over-arching goal, according to Musk.
Musk said in a tweet on Monday that Tesla intends to increase battery purchases from Panasonic, LG and China-based CATL.
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