After months of hype, Tesla's long-awaited Battery Day is finally here; however, regardless of what's unveiled or hinted at during the event, CEO Elon Musk has already warned it won't show up in a vehicle until 2022.
A long-life battery that can cycle 4,000 times before significantly degrading would also have massive implications for long haul transport as well as energy storage.
As a manufacturer of electric cars, such a concern is more than justified.
Industry analysts say that for the sticker price of electric vehicles to be on par with combustion vehicles, battery pack cost must come down to US$100/kWh.
This has a big impact on the automaker's financial statements because it can not recognize revenue until the cars are delivered and the money is spent up front to make those vehicles.
Batteries make electric cars cost more than gasoline-powered ones, so the ability to produce low-priced, long-lasting batteries could put Tesla cars on a more equal footing and help usher in mainstream acceptance.
"There's like two general classes of cell". "If they can do it, that would definitely make for an advance in energy density".
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Musk continued by explaining that the long-term production effects will most likely hit the company's Semi, Cybertruck & Roadster vehicles.
Another bit of information that could springboard Tesla tomorrow is news of more ecologically friendly lithium-ion battery design.
Building more batteries in-house: Although Musk said they'll be looking for more battery cells from other suppliers, there seems to be a feeling that the EV maker would be looking to move more of the final battery production in-house.
Musk has complained in the past that Tesla vehicles are not affordable enough.
Analysts at UBS expect Tesla to announce battery cell costs of $70 to $80 per kWh over the next three years, allowing the company to save roughly $2,300 per vehicle.
Musk thinks the Model Y will be more popular than the Model 3, Model S and Model Y combined.
Musk has notoriously missed production deadlines in the past and he wrote Monday that it's hard to ramp up production for a new technology.