The New Paper

September 23, 2020

Tesla announces cheaper batteries and plans for a $25k electric vehicle

Tesla held its “Battery Day” event yesterday, with CEO Elon Musk unveiling plans to produce “tabless” batteries in-house and offer a $25k electric vehicle in the next three years (a 25% reduction from Tesla’s cheapest existing vehicle, the Model 3).

This story is from the September 23, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.