Advertisement

Tesla is preparing to take over the world with its new battery—just not yet

Tesla is preparing to take over the world with its new battery—just not yet

At Tesla’s “Battery Day” yesterday, attention was on two magic numbers: $100 per kilowatt-hour and 1 million miles. Battery costs need to come down to around $100 per kWh for electric vehicles (EVs) to reach cost parity with internal combustion engines. CEO Elon Musk promised the first, and didn’t mention the second.