Elon Musk, a name that is synonymous with electric vehicle maker Tesla, hinted Monday that the company may well mass produce electric vehicle batteries with 50% higher energy density within three to four years. .
And while Musk’s track record of making bold statements has been suspect, with some proclamations bearing fruit and others sparkling, the market is in turmoil.
The battery, Musk suggests, could be used to power an electric plane.
“Probably 3-4 years,” Musk tweeted Monday, in response to someone asking why Musk keeps dropping clues about an electric jet.
“400 Wh / kg * with * long lifespan, produced by volume (not just in a lab), it’s not far,” Musk said on Twitter.
The news comes just days before Tesla divides its shares 5 to 1, and the same day Tesla announced it was starting to operate the world’s largest casting machine at its Fremont plant.
Tesla shares were trading down 0.89% on Friday at 2:29 p.m. EDT at $ 1,997.59 per share.
Perhaps coincidentally, the statement also comes as drone video footage shows Tesla’s Tera battery manufacturing plant under construction.
Tesla said earlier this summer that it was making room for its Roadrunner project at this facility, an “in-house designed battery cell manufacturing system to increase production volume and reduce costs,” according to Electrek.
By Julianne Geiger for OilUSD
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