Tesla $25,000 Model 3 Would be Cheaper Than a Free Gas Car

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Tesla’s battery plans were leaked.

If you drive 180,000 miles in 12 years then a gas car costs about US$32,000 for fuel and maintenance. The new Tesla with a million mile battery and cheaper batteries would cost about $6000 for 12 years of operation for electricity and maintenance. A Tesla $25,000 Model 3 would be cheaper to own and operate than free gas car. You would still required to pay gas and maintenance. The Million mile Model 3 would still have 85% of driving range left. You could resell it for $16,000-20,000, which will be higher than the resale value of the gas car.

$25,000 Tesla + $5,000 of ten year operation is $30,000
Free gas car + $32,000 of fuel and maintenance is $32,000

Tesla will use CATL’s lithium iron phosphate batteries, which use no cobalt, the most expensive metal in EV batteries.

The cost of CATL’s cobalt-free lithium iron phosphate battery packs has fallen below $80 per kilowatt-hour, with the cost of the battery cells dropping below $60/kWh. CATL’s low-cobalt NMC battery packs are close to $100/kWh.

This would enable a 50 kwh hour pack to cost $4000 for the battery. This would enable a new Tesla Model 3 with over 300 mile range and have a total car cost of $25,000.

Tesla will start the new low cost batteries in long range model 3 cars in China.

The leaked information confirmed the terawatt battery factory plans. The larger factories will have 30 times the battery capacity of the 35 GWh per year Gigafactory. Tesla will produce a terawatt hour of batteries every year at new factories.

Tesla has also started producing battery packs that will last for over one million miles of driving.

Having batteries that last over 1 million miles lowers the operating cost of vehicles.

Ultra-long life batteries will greatly improve the economics of self-driving robotaxis and long-haul electric trucks. Current Tesla battery pack lifespan is about 300,000 to 500,000 miles. Long-haul electric trucks and robotaxis will have higher daily miles than your average commuter.

1 million miles of driving means you could drive for 50 years with 20,000 miles per year of driving.

A full-time Lyft and Uber drivers can easily put more than 1000 miles a week, which can translate to over 50,000 miles in a year. A typical New York Taxi (Taxicab Factbook) drives 70,000 miles a year. 1 million miles means 20 years of Uber driving or 15 years of New York Tax driving. Long-distance trucks can travel about 100,000 miles a year. A million mile battery would last for 10 years of long-haul truck driving.

A standard gas vehicle holds an average of 14 gallons, meaning the average tank of gas costs drivers $39.3. Alternately, the standard electric vehicle is considered to have a full charge at 50 kWh, roughly taking 7.2 kWh/hour to charge. Kilowatts, the unit of measurement which describes electric energy, is offered to consumers at a national average price of $0.14 per hour. This means that per hour, the average electric vehicle only uses $0.98, making the cost of a full charge $6.86.

Average fuel efficiency for US cars is 24.7 mpg. This is 350 miles of range. The Model Y and Model 3 get about 4.1 miles per kWh. The new cars and batteries should get about 5-6 miles per kWh. This would mean 59-70 kWh to drive 350 miles. $8.40 to 11 for a full charge versus 14 gallons costing $28 to 50.

The longer battery range and lower battery cost will remove the need for a battery pack change after 15-25 years and cut the cost of the battery pack in half. This means instead of $7500 in 15 years for a new battery pack it would be every 50 years.

The million mile battery would lower maintenance costs by $300-400 per year. The better range and lower battery costs will reduce operating costs. The lower selling price would make electric cars better than gas cars with a lower sticker price.

SOURCES- Reuters, 2Degree Institute
Written by Brian Wang, Nextbigfuture.com (owns Tesla Shares)

102 thoughts on “Tesla $25,000 Model 3 Would be Cheaper Than a Free Gas Car”

  1. It feels funny to confront the capability of a car to reach a certain mileage by calculating how many years of slavery it will take to uber and taxi drivers. While at the same time mentioning autonomous taxis, which clearly will take away the life sustain of millions of people in the current economic configuration of society.

  2. Cars are a very marginal business. Me, I have always though they got a fee for the financing, profit from the warranty, profit from the accessories, and yes money from the maintenance since the dealer have a customer for the life of the car and the warranty does not last forever. Parts and labor are very expensive.

    The razor, razor blade model.

  3. I think the motors won’t last a million miles or any of the rest of the car. As for the battery I think the life cycle is a car or truck and then to storage either in homes or utility storage. Who wants to drive the same car for 30 years?

  4. The big car companies are really big and they do have a lot of technical capabilities. They unfortunately underestimated Tesla and it may be too late for some of them to catch up. I still think a few will survive like Honda, Toyota, BMW and Mercedes. And maybe a few high end niche makers.

  5. An Tesla may not have the same fit and finish as high end cars but it will out accelerated most of them. And it does have some pretty nifty electronics.

  6. It is one of the major reasons that the dealerships of the “Big three” automakers absolutely hate EV vehicles. The vast majority of their profits is in the auto repair sector. They make very little on the sales of the vehicles.

  7. There will always be a strong market for the very cheap and basic model. Heck, if Tesla’s built a model that did not have all the “bells in whistles” in the advance electronics they might be able to put on the road a very cheap – about $25,000 – model on the road.

  8. I never said there were a lot?

    The last animal I saw on a road was a bandicoot, but I don’t think it actually appreciated the great flat expanse of hard surface it had to hop across.

  11. And why draw attention to yourself with a flashier car, it heightens the prospects of getting mugged or the car stolen.

    Seriously? Move out of whatever 3rd world hellhole you live in and live in a civilized location.

  12. Terafactory!! – Because All-Elon All-the-time is never enough:
    “…Elon2016 says-“We did calculations…what would it take to transition the whole world to sustainable energy… You would need 100 gigafactories…”
    We are now at 136 lithium ion battery gigafactories / megafactories in the pipeline out to 2029 per Lithium ion Battery Megafactory Assessment. We are now well over Musk’s target, but a question: why are we still building battery plants based on 35GWh of Li production, equating to 3,500GWh of battery capacity. Right now, total lithium ion battery capacity in the pipeline is 2,491.7GWh by 2029 assuming 100% come onstream and operate at 100% of capacity. Of course, these assumptions will not happen so more capacity will be needed to have enough supply of battery cells for the burgeoning electric vehicle and energy storage markets. The lithium ion battery market has since grown 6.2 times to 187GWh in 2019.  Taking into account future failed projects and successful battery plants running at lower capacity utilisation rates, the pipeline number will need to be at least 4,000GWh or 4TWh to translate to 3,500GWh of actual battery cell production.  Therefore, the logical progression is to have at least one Terawatt (TWh) capacity battery plant or a Terafactory.  Of course, this capacity would far exceed any internal use for Tesla or any producer and would have to be supplying multiple domestic automotive OEMs and energy storage facilities to even come close to making sense…”

  13. I’m not saying no one has a need for a long-distance car. If you go skiing or camping or whatever a half-dozen times every year, sure, pay the extra for long range and lots of space.

  14. Ooooh – and what if the car has self-driving? LOTS of awful things that could be done by perverting that…

  15. Sure, but who will disconnect their wireless internet? They’ll want to use it for all sorts of stuff – traffic updates for route planning, locating charging stations, music streaming, etc.

    There’ll be a setting to ‘turn off automatic updates’, and lots of people will think that makes them safe enough. 🙂

    One approach that could retain useful internet function would be to sandbox the car’s software, with a sandbox smart enough to detect and block attempts to do updates without your permission (and reverse them if you don’t like an update). But that’s way beyond what most would do, even if trusted experts created and distributed it and gave step by step installation instructions.

    And if people started doing that, the next update would check to see if it can tell it is sandboxed, and will tell you you’ve violated your ‘terms and conditions’ and will get no more updates unless you remove the sandbox. Then a new sandbox comes out that the update can’t detect – you’re in a tech war of sandboxers versus updaters.

  16. No… I don’t think it works like that.

    All your competitors will see the same advantages, and so flood the market until the return drops to the same risk adjusted return as every other option.
    You need some business where you get a better return than others for some hard-to-replicate reason. Or at least hard-to-discover reason.

    Making the Tesla requires a huge up front investment and technical ability/knowledge. Even some political connections. That’s hard to replicate.

    Just doing leasing arrangements is the sort of thing that a hundred different financial organisations can set up in a month. And would if the returns were good.

  17. I don’t think you mean 240W. <- Corrected.

    240V? Is this one of those thing where US power sockets can’t provide enough power to do something? Like the not having electric kettles?

  18. So buy one and then disconnect the internet connection aerial? Makes sense for all sorts of reasons.
    It’s already a good idea to limit updates (on all sorts of products) to versions that have been out for long enough for the bugs to turn up.

  19. I spent a couple of years trying out this “just rent a vehicle the few times you need it” approach.
    It didn’t really work in my real life.
    — The theoretical calculations that you see floating around the internet don’t take into account the monetary value of my time, which I have to use to arrange, pick up, and drop off a rental vehicle. Usually at a busy time because that’s when I need it.
    — The rental costs shoot right up on public holidays and other busy times. Which is exactly when I want it.
    –Assuming that there is even a suitable vehicle available at the times of peak demand.
    — The convenience of having the vehicle “on tap” as it were is worth a lot. Enough to eventually push me into just buying one.

  20. Those computerized gadgets probably don’t cost all that much to tack on after they’ve already developed the tech for it. A huge touch screen with a powerful computer costs $500 maybe that can do the simple auto driving that Tesla does.

  21. We go to a ski lodge every year. Packed car, 420 km distance and winter. If I were to replace our landcruiser with an EV, it would be the cybertruck with 500+ miles range. By starting early in the morning, we get half a day skiing the very first day.

    Having 200 miles range (320 km) and about half with hills and cold, would mean stopping 3 times for an hour. I.e. no skiing first day = major bummer.

    And this is just one example… But for a second car? Why not.

  23. My electric prices are set. I own the generation capability. My power plant is on my roof.

  24. “Most new car buyers don’t choose cheap cars”

    thats not correct. It’s a waste of cash and resources to buy a vehicle that will be abused in the daily grind of traffic, gain many miles quickly and depreciate that much faster, be subjected to contstant paint destroying car dings, etc. And why draw attention to yourself with a flashier car, it heightens the prospects of getting mugged or the car stolen. A cheaper commuter car is also cheaper with insurance, once you disclose the actual driven miles per year. Why abuse a nice car under those daily situations? Keep it for weekends.

  25. If you can double your money in real terms every 11 years, a car 33 years later has only 1/8th the value of having it right now.
    Brian, please please take a Intro to Finance class? Learn and use opportunity cost and net present value!

  26. You may care one day if China gets upset with the US and delivers an over-the-air update that bricks your EV, or maybe even makes it catch fire in your garage.

  27. Not a lot of them yet, but V3 SuperChargers can supposedly charge ~1000mph, which slightly exceeds your requirement.

    But realistically you’ll rarely need to charge a full 400 miles at a time, especially if you have a 240V home charger.

  28. State and federal spending on roads in 2019 was around $48 billion.
    State and federal taxes and fees on gas average about 35cents/gallon, on about 9.4Mgal/day or about $1.2 billion/yr.

    So ICE car drivers contribute about 2.5% of the total subsidization of roads by buying gas.

    Assuming an average of 25mpg for ICE cars, and around 10000mi/year, every EV owner is scampering off with a subsidy of about $140/yr from ICE cars by dodging gas taxes.

    Assuming ~250 ICE cars for every EV on the road, every ICE car driver is personally subsidizing EV car drivers to the tune of $000000.56 a year.
    GASP!!! That’s a LOT of zeroes!

  29. Well I dont disagree that the many of commentators here dont seem to understand much and are magic thinkers .. however way overvalued is STILL a opinion not a fact .. Ark give clear reasons why each point stand and is up as far as they can see.. as you say though put your money where your mouth is .. I wish you well.
    But the 2020 bit is irrelevant events will happen but we are talking valuations many years from now not linked to a single event.

  30. How many people even need 300+ mile EV range in their first car? Sure, a few people drive 80K miles a year, but most drive around 10k a year, or around 40mi/day even if only driven on weekdays. That can be easily recharged overnight even on a 120V outlet.

    For vacation driving trips rent a long range vehicle to meet your specific vacation needs, with a lot more space than you need day-to-day.

  31. With a few distinct exceptions, commenters on NBF are often a little skewed on optimism; can’t be otherwise for futurists… and rightfully so. However, stock investing is more for the cynics than for the idealists…
    It seems that ArkInvest found an articulate way to peddle fairy tales: the price range forecast for 2024 spans from $300 to $24,000, can’t be wrong with such a wide range! (actually they can: they are discarding the possibility of going out of business). The article you linked is from January 2020, when unicorns and rainbows still populated the stock market.
    You’re free to put your money where your mouth is. I surely did so.

  32. Cite?

    I mean I’m prepared to look at evidence that Tesla are lying about their “85% after 1 000 000 miles” claim, but you can’t just make such a statement without anything to back it up.

  33. Electric and two-stroke blowers are in use right now. The electric ones are quieter, though not actually quiet.

  34. True.
    In my experience, even 20 year old cars will mostly spend maintenance money on stuff like shock absorbers, tyres, interior switches, lights, trim and fittings etc. all of which are unchanged when moving to an EV.
    However when the engine cooling system does go (it’s usually the cooling system that causes problems in the 5 vehicles I’ve long term ownership of) it’s really a hassle.

  35. The cheapest cars in the US sell very poorly, because nearly everyone can afford something nicer.

    I think you’ll find it’s not that.
    There a lots and lots of people who can’t (or choose not to) afford something nicer. But they can get something nicer for the same (or lower price) by buying second hand.

    Of course, buying second hand means you don’t have the same social credibility as buying new. But buying a super cheap no-frills special doesn’t give you any status points either. Probably less.

  36. ICE cars have been imposing externalities on everyone from the first day of their use. The costs they impose on everyone are quantifiable and unfunded. Were the users of ice cars forced to pay for these externalities at the gas pump it would be several orders of magnitude more than the “subsidy” ice cars are providing.

    see for example https://stopclimatechange.net/fileadmin/content/documents/move-green/The_true_costs_of_cars_EN.pdf

    and

    https://www.nap.edu/read/12794/chapter/3

  37. ICE cars subsidize (via fuel taxes) roads for everyone who doesn’t use fuel, but does use roads.
    –EVs
    –Horses
    –Bicycles
    –Chickens (why did it cross? Because it was subsidized!)
    –Heavy trucks. Well they DO use fuel and hence pay fuel tax, but the road damage caused by heavy vehicles is out of proportion to their increased fuel usage.

    This works as long as the majority of the population are travelling by fuel powered vehicles. Once EVs become too large a proportion then some other taxation scheme becomes almost mandatory. Such as registration costs based on km/year.
    (Exact change over point is highly variable depending on both government finances and EV/ICV politics.)

  38. Being an old car with degraded battery, it’s now down to 200 mile range for $10k as requested.
    And as the software support dies away, one by one the various features stop working, until you are left with the bare minimum of features (steering, brakes, lights, instruments, drive) that Tesla is required to support by law.

  40. Automakers sold more than 17 million vehicles in the U.S. in 2019.

    Lots of room in that number for weasel words.

    40% of total new vehicle sales, and their average MSRP is only $23,289.

    You have a decent shot of being right for new sales even though the average price is over ~$35k. The used market is twice the new with avg prices of $21k, def mostly cheap.

  42. No, electricity prices will skyrocket because of mandated intermittent energy injection onto the grid. Green new deal, what?

  46. for cars younger than 10 years the engine and transmission problem are minimal. Usually it is electric/electronic parts, suspension, sensors , motors and such. For me the oil change is 50-100 bucks . Putting winter tires costs more.

  47. If Tesla is selling more than a Corrola or Civic it is as mainstream car. Period. The electric vehicle has won and is here to stay

  49. well, they are cheap decent cars
    Quick googling for toyota corolla gives $18,700 – $22,880 MSRP .

    Now if you pile taxes, dealrship fees and interest it becomes 30. Tesla model 25K is like a Corrola with deanship fees and such. If the upfront costs are comparable an electric car is a clear winner for daily commute.

  50. So Ark Invest is just a bunch of .. naive idealists ? .. you read the link yes? .. and you are certain that YOU .. YOU .. know best that they could not be right? .. fantastic nothing like certainty .. you cant be wrong.
    You have looked at Teslas self driving research, and understand the bloody enormous advantage they hold in this, so what if they do make level 5 first eh what then?

  53. Okay, I know I’m not supposed to feed the trolls, but I can’t help it!: Aw man, these kids with their inquisitive minds, asking all kinds of inquisitive things! ^_^ It’s so adorable. Don’t change. Never, ever change.

  54. The big deal on that durablity is electric car will have access to the longest term lowest interest rate loans that was up til now held back by limited vehicle lifespan. I find it be a bigger deal in medium duty commercial vehicles and rvs segment.

  55. A point I have often tried to make. Fuel prices in the US are relatively low because taxes on fuel are low. In most countries the different levies and taxes on fuel are more than 50% of the cost. Generally only a small percentage of the revenue is spent on roads.

  56. I thought the whole point of having government was to provide roads? Why pay taxes for roads?

    (this is sarcasm)

  57. “Most new car buyers don’t choose cheap cars.”

    That’s basically 100% wrong unless you are playing a game of weasel words with “cheap”. In 2019 All of Tesla sold… 368,000 cars. Meanwhile in the “cheap” car market:

    In 2019 Toyota sold 448,000 of just the Rav4
    In 2019 Honda sold 384,000 of just the CR-V
    In 2019 Toyota sold 305,000 of just the Corolla
    In 2019 Honda sold 326,000 of just the Civic

  58. A couple more points.
    Tesla will handle their own insurance, so more profit there.
    Tesla is setting up a ride share service for when self driving is legal. That means your car can make money for you when you are not using it. You actually turn a profit by owning the car.
    With a stainless steel body on the cybertruck, there will be less salt corrosion in the northern US. Salt corrosion is a car killer here in the northeast especially for the used car market.

  59. I really think fast charging is a bad idea. it will tend to spike demand, requiring the use of expensive fossil fuel to run peaking generators. We need battery swapping instead. Charge the batteries when other demand is low

  60. “As more people transition to using electric vehicles electricity prices will increase due to natural supply and demand”
    But probably relatively modestly. To the extent that the batteries are recharged when demand is low we can just use the cheapest electricity source. Electricity generators used only for peak power are the most expensive. Charging batteries can increase the fraction of electricity that comes from relatively cheap baseload power

  62. I hope Tesla licenses the battery/pack technologies to ramp up production as fast as possible and gets it into stationary packs ASAP. A $2000 20Kw/hr Powerwall that lasts for decades in regular use would be amazingly useful.

    This battery tech would have a big impact in eliminating all the small often 2 cycle Gasoline engines in use all over the world that are extremely polluting (and noisy, unreliable and high maintenance) relative to vehicle ICE. This includes lawn mowers, blowers, chain saws, snow blowers, outboards, power tools. It’s also a huge global market for replacing all this stuff with clean quiet reliable battery packs. They hopefully can also eliminate the whole disposable battery market.

  63. Yep. Tesla battery production wont meet the demand for a long time so it will end up in higher profit higher impact uses like robotaxis not in ultra cheap cars for sale to driver/users.

  64. because this place is full of naive idealists who are drunk on Kool-Aid. It’s a great company, for sure. Is it worth 5 times more than BMW and almost as much as Toyota? Probably not.

  65. Don’t get me wrong, I am a Musk fan and I think transitioning from ICE to electric cars is a potentially promising prospect however all the numbers I see thrown around are using current (lol current) energy costs. As more people transition to using electric vehicles electricity prices will increase due to natural supply and demand type market pressures but there will be more of an increase than some may be expecting because our electrical infrastructure will need to be expanded and fortified to keep pace with increased demand/usage and this is not free. The cost of this will be passed to consumers through hikes in electricity prices. I don’t think the electric car’s future is set in stone. In my opinion it hinges on which comes first, high kW/kg or high kW/cm3 batteries or super cheap and clean fusion energy. If super cheap and clean fusion energy is realized, technologies such as synthesizing hydrocarbon fuel from captured atmospheric CO2 become economically feasible and even potentially desirable. The added benefit is that it would utilize the current fueling infrastructure and comfort level people have with this tech. Things do seem to be tipping in favor of electric vehicles taking over though.

  68. Hoping for just a little more depreciation on one of those $25K Teslas after 2-3 years. Around $15-17K is my ‘cheapo’ go to price these days for a used car.

  69. Are you claiming ICE cars subsidize horses or vice versa?
    Sounds like horse manure to me.

  73. ICE cars have been subsidizing electric cars. If ICE cars hadn’t been paying for the roads, where would electric cars be used?

  74. Agree, but on advantage of such a battery is the impact on resell value of the car when potential buyers don’t need to worry about the battery.

  75. Most new car buyers don’t choose cheap cars.

    Teslas sell well because they are luxury performance cars with a similar total cost of ownership as mainstream midsize sedans. They’re nicer cars for the same cost.

    Mostly, people figure out how much car they can afford, then buy the one they want the most. People mostly prefer to pay the same and get more, rather than get the same and pay less. The cheapest cars in the US sell very poorly, because nearly everyone can afford something nicer.

    CATL’s LFP batteries are also known for being extremely fire resistant.

  76. The $25K price tag is definitely a boon, but that’s only if it really has a decent range. I would think that the idea is to be able to offer consumers a cheaper option that a good swath of them can afford that will perform at the same level or better as their ICE vehicle.

    Personally, I want that next gen Tesla Roadster with the 621 mile or whatever range it claims. Because I need 500 miles and then I need 500 more so can be the man who drove a thousand miles to end up… okay never mind, that’s a dead on arrival joke.

  77. QUOTE Yeah, all cool stuff, but the stock price is still way overvalued. UNQUOTE

    SO you say
    But why post here? .. The market always corrects in the long run, if you are so sure short the stock and make your fortune .. or ..? well the truth is no one really knows do they, you cant tell.. hell even Musk cant tell .. the future will be what it will be .. If it go`s Teslas way then Tesla will be worth a LOT more (https://ark-invest.com/analyst-research/tesla-price-target/ ) if it does not a lot less.

  79. I certainly hope so! More choices are better. Very few people actually care where there products come from, merely that they work as intended. Many in the EV space have been thinking China would eclipse the US on EV tech. That is the whole point of their governments various subsidy and EV tech support programs.

  81. The cost estimate is wrong. Teslas will start to fall much faster in the future since there will be many more new electric cars to choose from. In 12 years there will be new cars from competitors that are comparable/better than todays Teslas and the future Teslas will be vastly superior. I.e. a 12 year old Tesla will not be worth 16-25 000 USD….

  83. You’re 1200% right – Musk isn’t changing the world through his tech…. oh wait. STFU mate.

  84. Of course the cost of ownership calculations are assuming that I can borrow the higher purchase price at 0% interest.
    Or that I could only invest my cash at 0%, same thing.

    Current car loans available to me are…(checks bank website) about 8%.

  86. You are right, CATL will be operating domestically in China with Tesla since Panasonic doesn’t operate there. The battery is a Tesla blueprint, not CATL. They can allow CATL to supply these batteries to Tesla in China but America and Europe will use Panasonic to produce the same battery. Remember, in all Tesla factories batteries are made inhouse

  87. At some point the government will start taxing these cars to make up for lost gasoline tax revenue.

  88. They’ll use the same battery architecture, the model 3 and S use the same unit but in different configurations. And Tesla isn’t competing with those little companies, and the Chinese prefer Tesla anyways since Tesla is the most sold EV im China.

  89. This is entirely different, this is not MOdel S, it is a car price for the introduction at China with a less powerful battery. We need to wait andsee about that Model 3 introduced here with the improved battery when it is ready. Probably less accessories, maybe no autonomous driving.

  90. I was under the impression the CALT batteries were for domestic market Teslas only but some of the million mile batteries would also be available for chinese domestic market Teslas as well? Or maybe I’ve been reading wrong?

  91. You missed the purpose of the entire article Kimhi. They confirmed that the Model S with this new tech will go 400+ miles, charge in less than 30 minutes, and have those million mile batteries. The Chinese market isn’t even a comparison, they used half siphoned off blueprints from corporate espionage of what Tesla was using a decade ago. The reason the Chinese cars are so cheap is because they steal R&D. Musk has been talking about range for months, I’m not sure how you haven’t realized it. While the Chinese market will get the batteries first with the venture between Tesla and CATL, it’ll be in the US later this year.
    https://electrek.co/2020/01/30/tesla-400-mile-electric-car-elon-musk/

  92. The whole story was dedicated to explaining that the non-ICE cars are easy to maintain because there are only a couple moving parts instead of thousands that can break in ICE cars.

  93. It’s for their production in China, cars made in China aren’t exported to America. Panasonic makes the batteries with Tesla in the US and Europe so don’t worry.

  94. Once batteries charge in less than half and hour then have ~400 mile ranges then I’ll buy, I think that is the premise of this battery show, to highlight these advances. Car is clean and made in America, I know my next car is a Tesla!

  95. Wait, I thought Tesla was doing a new deal with CALT for chinese domestic LiFePO batteries just now?

  96. need all the bells and whistles these electric cars have. Auto driving, huge touch screens, 0 – 60 in under 5 seconds etc, don’t interest me. Give me a car that has a 200 mile range for 10k.

  98. I think 1 million miles is already far more than any typical consumer needs. It’s probably excessive for taxi style service too, since the interior will need several refreshes/replacements in that kind of service life.

    Tesla’s already have demonstrated very good battery life, particularly the Model 3/Y battery pack technology. Degradation is minimal due to careful management of battery and thermals, unlike in some competing EVs like Leaf.

  99. There are serious and manipulative omissions in this copied news piece. No word on the range of this car in the leak. obviously this is the price and range for the Chinese market. The Chinese marked is filled with even cheaper cars of short range.

    “Eventually, improved versions of the battery, with greater energy density and storage capacity and even lower cost, will be introduced in additional Tesla vehicles in other markets, including North America, the sources said.”

    https://www.reuters.com/article/us-autos-tesla-batteries-exclusive/exclusive-teslas-secret-batteries-aim-to-rework-the-math-for-electric-cars-and-the-grid-idUSKBN22Q1WC

  100. If the battery does indeed last a million miles without serious degradation, I might consider buying one myself.

  101. Your internal combustion car would have the same problems, except you add the cost of replacing the very expensive & complex engine plus transmission at around 200,000 miles.

  102. The battery may last a million miles, what about the rest of the car?
    The cheapest option isn’t usually the primary driver for most people, except maybe where SLS is concerned.

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