Elon Musk: Lower 4680 Costs or Tesla Battery Program Abandoned!

From Cleanerwatt.

Based on a new report, it looks like Tesla’s 4680 battery team has until the end of the year to get the cost of their 4680 batteries below the cost of batteries from their suppliers, or Tesla may abandon the 4680 project altogether! Follow along as I discuss what this means, the likelihood of this happening and what this means for the Tesla 4680 battery program.

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Image & Video Clip Sources:

1. Tesla video clips/images used in the video courtesy of Tesla, Inc. (where noted in the video).

Data Sources:

Late Post Article: https://www.latepost.com/news/dj_detail?id=2267

Tesla Q1 2024 Earnings Call Transcript: https://www.fool.com/earnings/call-transcripts/2024/04/23/tesla-tsla-q1-2024-earnings-call-transcript/

NOTE: The content found in this video should NOT be regarded as financial advice. I am not a financial advisor, and this is NOT in any way a recommendation or offer to buy or sell securities. While the information in this video is believed to be accurate at the time of recording, no guarantees are being made about the accuracy of the information presented in the video. As of the recording of this video, I am NOT invested in Tesla stock or securities, nor any other company mentioned in this video.