The cost of Tesla batteries

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In order to lower the price of their goods,

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Tesla has been advancing battery technology, as this article describes.

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Lithium iron and lithium iron phosphate (LFP) batteries were the main topic of discussion at Tesla's battery day event this year,

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

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Musk said that their innovations had already resulted in 54% cheaper costs and that they will keep making gains.

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The launch of new LFP batteries may also enable further cost reductions.

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