Tesla will face challenges with a new battery technology, experts say - Business Insider

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Tesla will face challenges with a new battery technology, experts say - Business Insider
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Tesla will face challenges with a new battery technology, experts say

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Climate commitments erupted from this week — Climate Week — like popcorn from seed, oil from a pressurized well, electrons from solar cells. China, the world's top emitter, made a surprising pledge to reach net-zero emissions by 2060. California said it would ban sales of new gas-guzzling cars by 2035. Meanwhile, a number of corporate giants — from Morgan Stanley to Walmart — committed to various emissions reduction targets. Nikola's founder and chairman

amid allegations of fraud. Tesla, on the other hand, held its much-anticipated "battery day" Tuesday, during which it announced a new cell design and forthcoming $25,000 electric car. Randomly selected shareholders watch Elon Musk announce changes to Tesla's battery design during the firm's "Battery Day" Tuesday.Picture a drive-in theater for the wealthy with Elon Musk on stage. That was essentially Battery Day.

Seated in parked Tesla cars, shareholders watched as Musk, who's known for fanfare, announced major changes to the firm's batteries that would result in steep cost reductions.

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Tesla could struggle to implement some of its battery advances, experts sayTesla could struggle to implement some of its battery advances, experts sayThe advanced battery cell design and new manufacturing processes outlined by Tesla Inc CEO Elon Musk are promising, battery experts say, but they questioned how quickly they can be implemented and how much they’ll contribute to reducing overall costs.
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