The cost of Tesla batteries
In order to lower the price of their goods,
Tesla has been advancing battery technology, as this article describes.
Lithium iron and lithium iron phosphate (LFP) batteries were the main topic of discussion at Tesla's battery day event this year,
with Elon Musk showcasing improvements in cell design for both cost and energy density.
Musk said that their innovations had already resulted in 54% cheaper costs and that they will keep making gains.
The launch of new LFP batteries may also enable further cost reductions.
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