Tesla on Tuesday unveiled new battery cells that will add energy, range and power to the company’s electric vehicles.
CEO Elon Musk said during Tesla’s annual shareholders meeting and battery day event in Fremont, California, the new battery will also help reduce production costs and allow the company to sell electric vehicles for around $25,000, the same price range as gasoline-powered cars.
“We’re confident that in the long term, we can design and manufacture a compelling $25,000 electric...
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