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Within three years, Tesla will launch a car that costs no more than $ 25,000 and that will perform better than similar cars with internal combustion engines.
That forecast was recently delivered by Tesla CEO Elon Musk at the company’s general meeting. If the indicated price level is reached, it is revolutionary. That’s almost half the current price level and a fifth of what a Tesla cost five years ago.
Musk’s forecasts are based on the continuing decline in battery costs. And so far nothing suggests otherwise.
Since 2010, the price has fallen (adjusted for inflation) by about 20 percent annually. Since the battery is the most expensive component of the electric car, it has a great impact on production costs. The price of a 75 kWh battery, typically found in the Tesla 3, has dropped to SEK 700,000 since 2010. That’s the explanation for cheaper electric cars.
The price and limited range have so far hampered electric car sales. Now the price is likely to become an advantage. It is urgent to review the equity portfolio so that no investment is negatively affected by the advance of electric cars. Now you can go fast.
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