Elon Musk Places His New Tesla Battery Bet
For the first time Tesla announced the specifics of its battery ingredients, revealing Elon Musk's new bet on the LFP batteries. And the news went largely under the radar.
Last week, when Tesla was announcing its Q1 earnings, the automotive industry and the annalists focused on Tesla's 19 billion revenue, but not many people talked about the fact that 50 percent of new Tesla vehicles came with the new LFP battery.
Elon Musk has a specific plan with the LFP batteries and more electric car makers are focusing on the benefits of building electric cars with LFP batteries.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.