The expense associated with Tesla batteries

According to the information presented in this article,

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

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

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

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.

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

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