Big news from Elon Musk about future batteries development

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Tesla officials, led by CEO Elon Musk, outlined a set of aggressive plans Tuesday on a livecast from a site by Tesla’s assembly plant in Fremont, to slash battery production cost. The cost of battery will be reduced by 56 percent. This will allow Tesla to bring a $25,000 electric battery vehicle to market within three years. “The battery stuff is clearly revolutionary and essential to Tesla’s goal,” Musk said, “accelerating the [transition] to sustainable energy.” For a vehicle like a Tesla Model S Long Range, with a 100 kWh battery pack, the savings would add up to somewhere on the order of $7,000 a vehicle. Its next-generation batteries will eliminate costly cobalt and rely on various iron and nickel formulations, for one thing, while its cathodes will go from graphite to silicon. The battery will also pack in more energy.

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They will use new production methods, such as the application of dry powders, rather than liquid slurries, to the films wound tightly inside lithium-ion batteries. Even the size of future battery plants will be reduced. Another big promise was the $25,000 car would be capable of driving fully autonomously, prompting a “fundamental rewrite” of the “entire software stack. At the same event. Elon Musk announced a new ultra-fast version of today’s Model S, soon. The new version will be capable of producing 1,100 horsepower. The car will be able to go from zero to 60 miles an hour in under two seconds, will have a top speed of 200 miles an hour and will be able to go 520 miles on a full charge,