Are Tesla Batteries Cheap?

This article summarizes how Tesla has been making advancements

in battery technology in order to reduce the cost of their products.

Tesla's battery day event this year focused on the use of lithium iron and lithium iron phosphate (LFP) batteries,

with Elon Musk showing advancements in cell design for cost and energy density.

Musk said that their advancements had already achieved 54% lower costs,

and they would continue to make improvements.

The introduction of new LFP batteries also has potential to reduce costs even further.