Tesla battery day, $ 25,000 electric car. But the brand value falls

An electric car starts at a base of $ 25,000 in 2023 and the cost of the battery dropped over the next two years. The news are many but the announcements of the long-awaited Battery day Tesla has not warmed investors, quite the contrary. The value of Tesla shares fell 5.6% on Wall Street and the Californian electric carmaker’s capitalization fell even more after the close of trading with the shares than in theafter market fell 7.7% second Bloomberg. Investors were expecting two announcements from Tesla # 1 Elon Musk: the development of the million-mile battery and a specific cost-cutting goal that would drive the price of an electric car below that of a thermal one. “There is nothing tangible,” said Craig Irwin of Roth Capital Partners. “I think the future of the traditional car is small, but Tesla investors want this to happen tomorrow,” added Gene Munster, managing director of Loup Ventures, a company specializing in venture capital. However, it must be added that not only Tesla suffers in the market but there has recently been a significant decline in the main technology stocks on the Nasdaq list, from Amazon to Microsoft through Apple, Google and Facebook, which has led to some analysts to propose the hypothesis of the bursting of a speculative bubble.

Battery day, the goals

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However, as mentioned, there was no shortage of ideas for Battery day. The starting point is the need to produce sustainable energy globally in the future, based on what Tesla has already done, which has contributed to the containment of harmful emissions. having sold more than a million cars that have traveled a total of 42 billion kilometers. The first objective presented is to reach 20 Terawatts of battery production capacity. Currently a Gigafactory can produce batteries for 0.15 Terawatts per year: to reach 20 TW at a theoretical level it would take 135 factories, but Tesla has several innovations in store that will allow it to manufacture more batteries within the factories themselves.

REDUCE PRODUCTION COSTS

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Among the future objectives is to contain the costs of producing batteries for electric power. Tesla, for its part, will aim to gradually reduce the cost of new models by 2025 to make zero-emission cars more accessible. We talk about a base starting at $ 25,000 which should be combined with the most compact model in the current range, a kind of city car that could bear the initials Model 2. To do this, the manufacturer decided to develop batteries from a blank sheet.

START POINT ONE WHITE SHEET

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Tesla has developed a program to cut the cost per kWh of batteries in half. Tesla technicians after analyzing the problems of current batteries, have developed new units that are easier to produce, more reliable and to avoid overheating problems. The new cells, called 4680 for the diameter of 46 mm and the height of 80 mm, they will guarantee a power six times higher than the current ones, they will contain five times more energy and they will guarantee a range of more than 16% at a cost 14% lower. Series production has already started on a dedicated line at Tesla’s California factory, but the market launch will not be immediate, it is supposed to take at least two years. The new accumulators will be built on continuous assembly lines that will guarantee production volumes seven times higher than the current ones.

20% GREATER AUTONOMY

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This will reduce the production cost per GWh by 75%, but Tesla aims to produce batteries for a total of 100 GWh per year in 2022 and reach three TWh in 2030. With the result that autonomy will increase by 20% and cost reduction by 5% which adds to the savings guaranteed by other technologies. The manufacturer has decided to use different types of cathodes depending on the model: cars with a longer life cycle, such as the Model 3 and the new base model, will use iron-based cathodes, while models such as the Model Y, S and X will use a mixture of nickel and manganese. Vehicles that will have to tow heavy loads, such as the Semi and Cybertruck, will use cathodes with a high concentration of nickel. Tesla also announced that, thanks to the new mining methods, there would be enough lithium in Nevada to electrify all cars in America.

NEW PRODUCTION PROCESSES

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To contain production costs, Tesla has also developed new production processes for car chassis. By using new presses, the manufacturer will be able to produce metal components more easily and in less time. Inspired by the world of aviation, Tesla will build structural batteries for the cars of the future. This will allow the range to be extended by 14%, making the car’s chassis stiffer and lighter by 10%. The new accumulators will also save space at the bottom of the car, benefiting interior roominess. This solution will also use 370 fewer parts than current battery packs. Many innovations that will ensure Tesla save a total of more than 56% per kWh for each battery produced.