Part of Elon Musk’s grand plan of making the world a greener place and addressing the damage caused by climate change is ensuring that people have access to renewable technology. This means both introducing the technology and bringing the cost down so that people can actually have viable alternatives to traditional, carbon-emitting sources.
Tesla’s Gigafactory was a big part of this plan. Once the factory became operational, Tesla was gunning to reduce their battery cost by 30 percent. Now, a recent announcement from the company hints that it might be possible to bring it down even more. In a promotional video displayed in some stores, it seems that the factory was able to achieve a “35 percent reduction in battery cost.”
No numbers have been officially released, but given the small bits of information that have gradually come out to the public, it seems that Tesla is definitely getting closer to that $35,000 price tag that the company is targeting for its Model 3.
View the full article on Futurism.
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