During its earnings call with financial analysts following the release of its 2015 Q3 results, Tesla appeared unfazed by the news of cheap batteries being made available to GM, and also announced it would constrain Autopilot use.
During its recent fourth quarter 2011 financial results Q&A conference call, CEO Elon Musk had, of course, lots to say about Tesla Motors and its various products. One statement though, concerning the falling cost of batteries, spoke to the broader electric vehicle (EV) market and bears repeating. The high price of energy storage is, after all, one of the major barriers to lower EV prices and, consequently, faster consumer adoption.
Last Friday, U.S. Energy Secretary Steven Chu and Los Angeles Mayor Antonio Villaraigosa celebrated the installation of Coulomb Technologies' 500th plug-in vehicle charging station. That's interesting in and of itself, but it was something Chu said that captured our attention. First, Chu opened with this obligatory statement:
In a December 2010 study, Deutsche Bank (DB) analysts revisited some figures posted in its previous report and lowered their projected future costs for automotive batteries. DB's December 2010 study pegged the cost of lithium-ion batteries at $250 per kWh by 2020, a substantial reduction from the $350 per kWh it forecasted back in November 2009. After speaking with industry experts and numerous automakers, the DB team concluded that its November 2009 forecast for li-ion battery costs was out of