The expense associated with Tesla batteries

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According to the information presented in this article,

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Tesla has been working to improve battery technology in order to bring down the cost of their products.

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

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Elon Musk displayed improvements in cell design in terms of both cost and energy density.

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Musk stated that the company's ideas had already led to a 54% reduction in costs and that they will continue to make progress in this area.

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The introduction of new LFP batteries might possibly make it possible to achieve more cost reductions.

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