Tesla Inc. (NASDAQ:TSLA) To Debut It’s New Battery In Model Y Crossover Manufactured In Berlin Gigafactory
Staff TechStockObserver
Posted On October 16, 2020 
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has announced that the electric carmaker is working on a new and efficient EV battery, which it plans to debut at its Berlin Gigafactory. The company which will build Model Y cars at the Berlin Facility will debut battery technology and design next year, which is expected to have a “significant production risk.”
Tesla to debut new battery at berlin factory next year
Last month during Tesla’s Battery Day, Musk revealed that the battery will be first used in the Model Y crossover car manufactured in the Gigafactory. The company plans to use the Berlin plant in demonstrating the radical overhaul on the manufacture of its cars. Tesla will commence production of Model Y at the factory in the second half of 2021. The re-engineered Model Y will have fewer chassis parts compared to the version currently on sale.
Currently, Tesla runs a test assembly line for the new batteries at the Fremont, California Factory. Musk also revealed that they will use the new batteries in the high-performance Model S “Plaid” sedan to build at the factory from late 2021. In a Tweet, Musk confirmed that its factories in Fremont and Shanghai are expected to transition fully to the new tech after around two years.
Tesla to use the new battery in its Cybertruck
The new battery has larger and more dense cells than the current version and has been designed to lower the vehicle’s overall weight by reducing required parts. It will be in a large cylindrical format and dubbed 4680 and store more energy. The aim is to cut battery costs by almost half and boost production by almost 100-fold by 2030.
Tesla’s new structural battery pack needs around 4,680 battery cells for it to work. Tesla will use the new battery in its Cybertruck, which will enter production at the end of next year at a new Texas factory.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. We recommend that you consult a licensed financial advisor or conduct your own research before making any investment decisions.
TechStockObserver.com is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice.
TechStockObserver.com does not accept liability for your use of the website. The website is provided on an "as is" and "as available" basis, without any representations, warranties or conditions of any kind.
Principals of TechStockObserver.com may own positions in the securities listed on the site and that we reserve the right to sell without notice at any time. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
