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Tesla wants to bring significantly cheaper electric cars to market, announced tech billionaire Elon Musk. However, customers would have to be patient. Musk also achieved a milestone for the factory near Berlin.
Elon Musk wants to bring a Tesla to market at a bargain price, which can also drive fully autonomously. “We’re confident that we can build a very, very compelling electric car for $ 25,000,” the star entrepreneur said Tuesday (local time) at Tesla’s “Battery Day” in Fremont, California. However, customers still need to be patient, because the prerequisite for prices to drop so steeply are drastic cost reductions in battery production. Musk thinks he can pull it off, but only in about three years.
With the dazzling tech billionaire primarily delivering dreams of the future, the high expectations of the event, in which observers had speculated on breakthrough innovations in car battery manufacturing, were ultimately not met. Efficient and inexpensive batteries are a prerequisite for electric mobility to establish itself in the mass market.
But even if the Tesla boss once again demonstrated and announced a lot (overall battery costs will be cut in half thanks to technical advancements and the vastly increased range of electric cars), it was initially only a medium promise. long term. Musk had already dashed hopes for an immediate breakthrough the night before by explaining on Twitter that Tesla’s innovations in battery technology should only be felt in larger production volumes starting in 2022.
Despite this warning, investors reacted disappointedly and let the shares, which had already left the regular price in the United States with less than 5.6 percent, fell a further 7 percent after hours of trading. However, with a price increase of more than 400 percent in the current year, Tesla is also one of the biggest fliers on the market, so the opportunity to make a profit is favorable. With a market value of $ 395 billion, the Musk Group is currently by far the most commercialized automaker in the world.
Water association approves application for Tesla factory near Berlin
Meanwhile, another course has been set for the controversial construction of the Tesla factory near Berlin. The Strausberg-Erkner water association approved the plant’s development application on Tuesday. The decision was made possible because Tesla lowered the water requirement in the permit application and authorities approved additional amounts of extraction, the association said. The RBB had previously reported.
Critics fear, among other things, the negative consequences for nature and groundwater from the construction of the Giga-Factory and warned about the immense consumption of water. In June, the water association did not provide a positive forecast for approval, according to documents available to the German Press Agency. In July, the association’s head warned internally against insufficient potable water in the event of further expansion. The state government had declared that it considered the problems to be solved. Since then, Tesla has reduced its projected water consumption from 3.3 million to about 1.4 million cubic meters per year.
This Wednesday (September 23), critics will gather for a public hearing at the State Environment Office, which is responsible for environmental permitting. There are 406 formal objections to the factory, which will be discussed at the Erkner meeting. Tesla then wants to take one of the last hurdles to final approval.
When the green light arrives for the project it is open. Tesla is currently building under interim authorization for individual construction steps. In Grünheide, near Berlin, 500,000 electric cars will be built a year with around 12,000 employees starting next summer. Tesla boss Elon Musk also plans to make batteries there.
