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Tesla to achieve leading $100/kWh battery cell cost this year, says investor after Gigafactory 1 tour

On October 25th, 2018

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Tesla recently gave factory tours to investors and Wall Street analysts. We reported on a positive note from Baird after Fremont factory tour earlier this week and now it’s about Worm Capital’s turn, but this time it was a tour of Gigafactory 1.

The firm claims that Tesla is on track to achieve “a battery cell cost of $100 per kWh by the end of the year.”

That’s if “commodity prices remain stable”, but otherwise they came out of the tour confident that they will achieve the important price target by the end of the year.

The cost would be not only competitive but even industry-leading. In comparison, Audi says that it is buying batteries at $114 per kWh for its upcoming e-tron quattro. That’s after Volkswagen issued over $48 billion in battery supply contracts.

REPOSTED FROM electrek.co - READ FULL ARTICLE HERE

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