Tesla Inc.’s (NASDAQ: TSLA) Affordable EV Could Force the Hand of Other Manufacturers
During the recent Tesla Battery Day, Tesla’s CEO announced that the EV maker had made incremental improvements in battery tech that dramatically reduced the cost of its battery cells, paving the road for an affordable $25,000 electric car. Tesla Inc. (NASDAQ: TSLA) unveiled plans to develop a tables battery that could improve an EV’s range and power while lowering its cost, allowing the firm to make and sell EVs at a far cheaper cost than it can now. According to Forbes, Tesla’s upcoming $25,000 vehicle “could mean game over for gas and oil,” and industry experts agree wholeheartedly. Expected to…