Tesla company and its CEO Elon Musk came up with the idea that could hasten the end of era of internal combustion engines. In its article, Reuters focused on the developing concept of advanced battery technology developed by the company.
"As automakers shift from horsepower to kilowatts to comply with stricter environmental regulations, investors are looking for evidence that Tesla can increase its lead in electrification technology over legacy automakers who generate most of their sales and profits from gasoline-powered vehicles. Musk, who frequently launches new products in attention-grabbing, show-like announcements, has fueled expectations for Battery Day over the past months, in April calling the event “one of the most exciting days in Tesla’s history”, reads the article.
The expert circles assume Musk's company could offer potential customers wide variety of "updates, including significant improvements to the amount of energy its batteries can store, allowing vehicles to drive further on a single charge", writes Reuters.
According to the news agency, Tesla also consider ways to make their vehicles more affordable. Currently, the low-tier Model 3 sedan costs USD 37,990 in the U.S. "While average electric vehicle prices have decreased in recent years thanks to changes in battery chemistry and composition, they are still more expensive than conventional cars, with the battery estimated to make up a quarter to a third of an electric vehicle’s cost".