Tesla is among the automakers staying ahead of the trend. While McKinsey projects that battery pack prices will be below $190/kWh by the end of the decade, Tesla claims to be below $190/kWh since early 2016.
That’s how the automaker manages to achieve close to 30% gross margin on its flagship electric sedan, the Model S.
Source: Electric vehicle battery cost dropped 80% in 6 years down to $227/kWh – Tesla claims to be below $190/kWh | Electrek
This is the first big project from Tesla and SolarCity since the acquisition. Both companies believe this station is the biggest combination solar panel and storage facility in the world. With approximately 55,000 solar cells spread over about 45 acres, it’ll be tough to find anything larger.
Source: Tesla’s new solar energy station will power Hawaii at night
But prices for lithium-ion batteries have fallen fast—by almost half just since 2014. Electric cars are largely responsible, increasing demand and requiring a new scale of manufacturing for the same battery cells used in grid storage. California is mandating that its utilities begin testing batteries by adding more than 1.32 gigawatts by 2020. For context, consider this: In 2016, the global market for storage was less than a gigawatt.
Source: Tesla’s Battery Revolution Just Reached Critical Mass – Bloomberg
It turns out that, according to the data Tesla gave investigators, installing Autopilot prevents crashes—by an astonishing 40 percent.
Source: Tesla’s Autopilot Vindicated With 40% Drop in Crashes – Bloomberg
In October, the company began shipping new Autopilot hardware with enhanced sensors that it says will eventually enable fully autonomous driving. Every car now ships with eight cameras and a dozen sensors to give 360-degree visibility. The company is rolling out new features that make use of the sensor suite in regular over-the-air updates.