Tesla batteries are expensive.

[{"selector":"#anim-3933f764-e720-4a33-bb59-d358f5db234d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.845779007464774%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7b22cf80-a860-476d-91be-19650b6e98d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56dc6ddd-893d-42ef-be03-cbc0bf90580a","keyframes":{"transform":["translate3d(-115.73771%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Tesla has been advancing battery technology in order to lower the price of their goods,

[{"selector":"#anim-ae40cecd-c83a-45cd-b5af-0b1eda0d6af6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-65e07829-4792-4992-b3ad-45e1629f4276","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36874d22-08c6-4a8b-a7a3-b6695415bc94","keyframes":{"transform":["translate3d(-119.34426%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

as described in this article.

[{"selector":"#anim-c66c3713-931f-4ad8-b43c-558259777048 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-f8209544-7fb0-4830-84da-ceb6d5594650","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab91d499-c87b-4bf4-84a4-5f4e18a91c01","keyframes":{"transform":["translate3d(-115.73771%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This year's Tesla battery day event focused on lithium iron and lithium iron phosphate (LFP) batteries,

[{"selector":"#anim-e3ca95d3-bc5b-4069-a85f-bcb471a6ce6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ab561b77-06f7-40ea-b5f4-051e101bf7fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea78354b-5e0b-450b-a2b3-d414432b6a1c","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

with Elon Musk demonstrating improvements in cell design for both cost and energy density.

[{"selector":"#anim-2c1bbb93-06b4-4342-ae57-024465738c62 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.251536519573847%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-21bc8ebb-ac23-464e-a2c9-c896c63bf69e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-948773e0-23ba-4249-b04e-96eee9bc2b3c","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Musk stated that their innovations have already resulted in 54% lower costs and that they will continue to improve.

[{"selector":"#anim-5014a61a-3072-4858-837b-472f69848fa9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-49e5530c-af37-44fd-911c-ab60eb7c77f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6a4152c-fdd7-427b-b36d-5e04c983f9e8","keyframes":{"transform":["translate3d(-115.73771%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The introduction of new LFP batteries may also result in additional cost savings.

[{"selector":"#anim-cc3395d9-4e4d-4a2b-8baa-be7600b7f600 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.897598080379034%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-88414248-a049-4c21-8fa2-edad052cb8f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a575d56d-fc56-4f23-85b5-1ed2d7be2634","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

How Far Can The Fully Charged Chevy Silverado Go? - USA Vehicle

[{"selector":"#anim-a6ea9fec-7ef0-4a9d-bbf7-09533365fc78 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a3197445-5089-4df7-b6fd-d8e1d4d599a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-28ba4262-4148-48e0-9b68-1d419f7c0c01","keyframes":{"transform":["translate3d(-117.37705%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Watch more