austonia newsletter
Most viewed
Tesla hosted its Battery Day event in Palo Alto, California, on Tuesday.
Tesla announced that it expects to debut an affordable, autonomous electric vehicle in three years' time during its inaugural Battery Day event.
"We're confident that long term we can design and manufacture a compelling $25,000 electric vehicle," CEO Elon Musk said to the drive-in audience of stockholders, many of whom honked upon hearing the news. "This has always been our dream from the beginning of the company."
Important note about Tesla Battery Day unveil tomorrow. This affects long-term production, especially Semi, Cybertr… https://t.co/FO4xHXAs9Q— Elon Musk (@Elon Musk)1600721812.0
This model will be enabled by a new "tabless" battery that the company announced it will begin producing in-house for its cost benefits and energy improvements. Musk and other Tesla executives said this new battery product will eventually halve the company's cost per kilowatt-hour, the unit of energy commonly used to measure the capacity of electric vehicle battery packs.
Tesla did not say where this new vehicle will be produced. However, earlier in the Battery Day event, Musk touted the benefits of the company's new and forthcoming factories, including Giga Texas, which is currently under construction in Southeast Travis County.
"For Giga Texas in Austin, even if we had exactly the same (vehicle) classes in California, it would still be advantageous to do it there because it's roughly two-thirds of the way across the U.S.," he said. "So in terms of delivering cars to the central U.S. and the East coast, it's just faster, costs less, and it fundamentally improves our economics."
More on
- Elon Musk says $1.1 billion Tesla factory will be in Austin - austonia ›
- Work underway on Tesla's Austin Gigafactory site - austonia ›
- Travis County offers Tesla incentives for Austin Gigafactory - austonia ›
- Elon Musk seeks to fast-track $1.1 billion Tesla factory in Austin ... ›
- This Austin startup is bringing all-electric Powersports to town - austonia ›
Popular
Citing a 77% decline in new COVID cases nationally since early January, Dr. Martin Makary, a surgical oncologist and professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health, expects COVID-19 "will be mostly gone by April, allowing Americans to resume normal life."
- Vaccine week 11: 31,250 doses headed to Austin, delayed ... ›
- Austin vaccine recipients feel relief, guilt amid slow rollout - austonia ›
- Everything we know about Austin's COVID vaccine rollout - austonia ›
Zan Kolmanic, pictured right, will reportedly be joining Austin FC this season.
Austin FC has reportedly signed 20-year old Slovenian star Žan Kolmanič for a cool $1.8 million.
- Austin FC announces designated player Cecilio Dominguez - austonia ›
- Austin FC signs Designated Player Tomas Pochettino - austonia ›
- Austin FC nabs Pereira in first pick of MLS SuperDraft - austonia ›