Tesla may bring down prices for electric cars

Tesla may bring down prices for electric cars

May 15, 2020 0 By autotimesnews

The founder of the American company, Elon Musk intends to present a new battery, which will debut on the Tesla Model 3 electric car. The presentation of the battery should take place before the end of May.

According to insiders, Tesla has developed a new rechargeable battery, which inside the company is called the “Million Mile Accumulator,” which will significantly increase the range of electric cars, as well as reduce the cost of this type of vehicle to the prices of classic ICE cars.

In addition, it is reported that the new batteries will have a significantly longer life, and the first model to receive a new product will be the Tesla Model 3 sedan for the Chinese market. Updated models will begin to roll off the assembly lines at the end of 2020 or the beginning of 2021.

The new battery was the result of a collaboration between Tesla developers and a team of experts hired by Elon Musk. Tesla’s CEO also intends to launch several automated battery manufacturing plants to avoid future downtime.

Musk has already announced Battery Day, due in May. It is expected that as part of this event, the head of the American company will talk about the new development officially.