The electric car manufacturer says updates to its battery design and manufacturing process will help lower production costs.
- The high cost of batteries is the main reason why electric vehicles cost more than gas-powered cars.
- At the company's 'Battery Day' event on Tuesday, Tesla announced a new battery design that will give its cars more power and a longer range.
- The success of Tesla's plan depends on its ability to scale up production.
Cheaper, more efficient batteries. That's what Tesla says will allow it to offer a $25,000 electric car within the next three years. The announcements came at the company's "Battery Day" event on Tuesday afternoon in Palo Alto, California.
"One of the things that troubles me the most is that we don't yet have a truly affordable car, and that is something that we will make in the future," Tesla CEO Elon Musk told a socially distanced audience, who were sitting in cars in a parking lot. "But in order to do that, we've got to get the cost of batteries down."
How to cut costs? Tesla is working on a design update for its batteries, and the company plans to begin manufacturing them in-house. (Panasonic currently produces Tesla batteries.) A key design update is removing a tab within the battery that connects the cell to what it powers.
"You actually have a shorter path length [for the electron to travel] in a large tabless cell than you have in the smaller cell with tabs," Musk said. "So even though the cell is bigger, it actually has more power."
Tesla also plans to lower costs by using nickel instead of cobalt in its cathodes. The company said its new cathode design would reduce costs by about 75 percent, and also remove waste water from the manufacturing process.
What's more, the international cobalt supply is limited, and most of it comes from the Democratic Republic of Congo, where adult and child miners are known to be exploited.
Screenshot of Tesla's 'Battery Day' presentation
It's unclear when Tesla will stop using cobalt, or when it will stop sourcing its batteries from Panasonic. But Tesla claims that its new battery design and manufacturing changes will allow it to cut the cost per kilowatt-hour in half. If Tesla can successfully scale up production, the company could hit its goal of $100 per kilowatt-hour sooner than expected.
Hitting that mark could usher in the electric-car revolution, considering $100 per kilowatt-hour is generally regarded as the threshold the industry needs to reach in order to make electric vehicles cost competitive with gas-powered cars.
A $25,000 electric car would also be Tesla's cheapest offering by far. The company had previously promised a $35,000 car, but only offered one at that price for a limited time. Tesla's website says its Model 3, its cheapest car, starts at about $39,000.
Photo of Tesla's new battery design
To be sure, Musk is known for promising big on his projects, but not always following through on the promised timetable. But despite having an "insanely hard" 2020, as Musk said, Tesla's had a good past couple years.
"In 2019, we had 50% growth," Musk said at the event. "And I think we'll do really pretty well in 2020, probably somewhere between 30 to 40 percent growth, despite a lot of very difficult circumstances."
These products are sure to inspire anyone who loves the work of engineer and inventor, Nikola Tesla.
- A prolific inventor, Nikola Tesla has been dubbed "the man who invented the 20th century."
- Tesla is best known for inventing the Tesla coil and the first alternating current (AC) electric system.
- These gifts are designed to inspire engineers, scientists, and general fans of Nikola Tesla and his work.
A list of the greatest minds of all time would not be complete without a nod to "the man who invented the 20th century," Nikola Tesla. Born in modern-day Croatia in 1856, Tesla was a scientist and engineer remembered for his many brilliant ideas, designs, and inventions, including the first alternating-current electric system, radio remote control, and the Tesla Coil.
Tesla has received a major boost in popularity in recent years, thanks in no small part to the electric vehicle company that bears his name. Formerly Tesla Motors (now Tesla, Inc.), the company is led by Elon Musk, an entrepreneur and engineer who considers himself a fan of both Nikola Tesla and Thomas Edison. But Musk isn't alone. Several decades after his death, Tesla's legacy lives on through his devoted fans and fellow thinkers who respect all that he accomplished in the name of science. If you have a Nikola Tesla fan in your life, here are 5 gifts that are sure to inspire them to uphold his legacy and invent objects and tools that will change the world.
Wearing a shirt with Tesla's face on it says that you think he's cool, but wearing Tesla-themed socks puts you on another level. Generating static on the carpet and shocking family members is much more fun with these on.
Illuminate nearby bulbs, play music, and enjoy the spinning light show with this Tesla Coil model. The product comes pre-assembled and is as easy as plugging in a cable and hitting a switch. Science teachers and other reviewers on Amazon say that while the speaker isn't made for parties, the model provides hours of fun and is a great way to visualize Tesla's experiments.
Standing 7.5 inches tall and weighing 2 pounds, this highly detailed cold cast bronze bust of Nikola Tesla brings its owner face to face with their inspiration. According to reviewers, the base is covered with felt so it doesn't slide or scratch the surface beneath. The production process involves adding a bronze powder to resin and pouring it into a mold. The final casting is lighter (and cheaper) than solid metal, but the detail still shines through. It's like having your mentor there as you study and create.
Made by a company called ThemToys, this custom LEGO figure depicts the inventor in experimenting with electricity in his lab. The set includes the Tesla figure, an electricity holder, and an electricity tower. The scene can be displayed on a desk, mantle, bookcase, or anywhere the innovative spirit of Nikola Tesla is needed.
There have been many books written about the life and works of Nikola Tesla, but this is the closest we will get to hearing it directly from the source. Originally published in 1919, this autobiography was compiled and edited by Ben Johnston. The primary sources were articles that Tesla wrote for a magazine called "The Electrical Experimenter." The book is divided into six parts, beginning with a chapter on Tesla wrote on his early life, and concluding with a discussion of "The Art of Telautomatics." Even if some of the details go over their heads, it's a must-have for any Nikola Tesla fan.
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Twain and Tesla had similar passions and an amusing friendship.
- Samuel Clemens (Mark Twain) and Nikola Tesla shared a friendship starting in 1890s.
- Tesla read a lot of early Twain when recovering from a serious illness.
- The two shared an interest in electricity.
Having famous friends can be both a blessing and a burden in our oversaturated media age. But about a hundred years ago, it could be quite fun to hang out with brilliant minds and discuss earth-shattering ideas. And no friendship is perhaps any more curious than the one between the legendary American writer Mark Twain and one of the most iconoclastic minds ever - Nikola Tesla.
By many accounts, Mark Twain was fascinated by technology and electricity, in particular. Visiting New York in the 1890s, he became friends with Nikola Tesla, who had an interest in Mark Twain, having read some of his early works when he was recovering from a life-threatening illness in the 1870s. That's before he emigrated to the United States. The books were instrumental in Tesla's recovery, according to the scientist himself, who said the stories by Twain were "so captivating as to make me utterly forget my hopeless state."
In Tesla's Lab. 1894. Mark Twain holds Tesla's vacuum lamp, powered by a loop of wire that gets electromagnetic energy from a Tesla coil. Tesla's face is in the background.
Tesla got to explain this to Twain 25 years later, when they met, bringing the writer to tears.
While the life-saving power of Twain's words and their imaginations may have been the secret sauce behind the friendship, another factor that drew them together was simply money. Twain, or Samuel Clemens as was his real name, invested in new tech, including an electrical motor in the 1880s. This fact made Tesla's name known to Twain, who'd been hearing about the motor Tesla invented for Westinghouse. As historian Juliana Adelman wrote for Irish Times, Tesla actually advised Twain against investing into a motor created by James W. Paige – an advice the famous writer didn't heed, losing a large sum of money on Paige's mechanical typesetter.
In the end, Twain did think Tesla's motor design was superior and was a frequent visitor in the inventor's lab, even taking part in experiments. A number of photographs are testament to these fascinating interactions.
In Tesla's lab. 1894. Nikola Tesla (1856 – 1943, blurred at centre) is in the midst of an electrical experiment with writer Samuel Clemens (Mark Twain (1835 – 1910, left) and actor Joseph Jefferson (1829 – 1905).
Photo: Kostich/FPG/Archive Photos/Getty Images
One well-known story about Clemens is that Tesla cured the writer's constipation. The author of "Tom Sawyer" took part in an experiment where he spent a considerable amount of time on an electromechanical oscillator, which generated high-frequency alternating current and featured a vibrating plate. It was also known as the "earthquake" machine for its shaking and noise.
Tesla believed it could be medically helpful to Twain, who was known to have digestive problems. Vibrations could help with constipation is how some accounts describe Tesla's reasoning. The writer apparently did enjoy the machine for a few minutes until it started to behave like a laxative, sending him off to the restroom.
The friendship between the two titans also included Twain's invitations for Tesla to join the Players Club in 1888 and to attend the wedding of Twain's daughter.
The new version's battery has a shorter range and a price $4,000 lower than the previous starting price.
- Tesla's new version of the Model 3 costs $45,000 and can travel 260 miles on one charge.
- The Model 3 is the best-selling luxury car in the U.S.
- Tesla still has yet to introduce a fully self-driving car, even though it once offered the capability as an option to be installed at a future date.
Tesla is now offering a cheaper version of its Model 3 sedan at a starting price of $45,000.
CEO Elon Musk announced the new version in a tweet on Thursday.
The Model 3 has been Tesla's lowest priced car since hitting the market in July 2017. As the best-selling luxury car in the U.S., the Model 3 had a starting price of $49,000 when it came with rear-wheel drive, though this version will soon become unavailable.
The new version of the Model 3 features rear-wheel drive and a 'mid-range' battery that can take drivers up to 260 miles on one charge, which is shorter than the 310-mile range of the 'long-range' battery. In the next three to six months, Tesla hopes to offer customers a standard battery model with a 200-mile range and a long-promised starting price of $35,000.
Dwindling tax credits for customers
Customers hoping to score a tax credit when buying the new Model 3 will likely be disappointed.
Tesla recently announced that only orders placed by Oct. 15 would be eligible for the $7,500 that used to accompany each sale. That's because federal law only allowed for the full tax credits until Tesla hit 200,000 sales, after which begins an 18-month phase-out process. The tax credits are scheduled to drop to $3,750 starting Jan. 1, to $1,875 on July 1, and then disappearing altogether by the end of 2019.
Full self-driving autopilot
In addition to offering the new mid-range Model 3, Tesla also recently removed the "full self-driving" option from its orders page. This capability isn't currently available in any model—customers were previously able to pay extra for the feature to be installed at a future date—though Tesla cars do have driver-assist capabilities.
"Please note that Self-Driving functionality is dependent upon extensive software validation and regulatory approval, which may vary widely by jurisdiction," reads the Tesla website.
Musk tweeted that this controversial option was "causing too much confusion."
The removal comes just days after Musk announced that a major upgrade to Tesla's Autopilot system will be available in about six months. (Autopilot is the system that uses cameras, sensors and GPS to automatically control Tesla vehicles.) The upcoming hardware update, which could bring a 500 to 2,000-percent increase in operations per second, will be free only to customers who chose to pay for the (somewhat deceptively named) "full self-driving" option at the time of purchase.
These customers will also be among the first to receive the full-driving capability when it does become available, though that almost certainly won't happen within six months.
Sponsored by Amway
Why a more diverse workplace is also a more talented one
Ram Charan has spent his working life as a business mentor and consultant to CEOs of global companies. He's the guy that Coca-Cola, KLM, GE, and Bank of America (just to name a few) call when they need help. And he's a firm believer in a diverse workplace. If a 90-year-old can do the job the best, then why not hire them? Raw talent doesn't just exist in ivy league business schools, he says, and that applies to the whole company... from the work floor to the boardroom. Ram's latest book is Talent Wins: The New Playbook for Putting People First , and he is brought to you today by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance.
Would companies be more diverse if A.I. did the hiring?
The best hiring manager might just be the computer sitting on your desk. AI and ethics expert Joanna Bryson posits that artificial intelligence can go through all the resumes in a stack and find what employers are missing. Most humans, on the other hand, will rely on biases — whether they are aware of them or not — to get them through the selection process. This is sadly why those with European-sounding names get more calls for interviews than others. AI, she says, can change that. Joanna is brought to you today by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance.
How equal parental leave can help close the gender pay gap
It's no small secret that America is far behind the rest of the world when it comes to maternal leave. But studies are finding that paternal leave shouldn't be overlooked, either. Lauren Smith Brody, former editor of Glamor magazine and now a full-time author and founder of The Fifth Trimester movement, makes the case here that dads need time off, too, to bond with their newborns, and that modern companies need to understand and appreciate that. Lauren's latest book is The Fifth Trimester: The Working Mom's Guide to Style, Sanity, and Success After Baby. This video is brought to you by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance.
Real talk at work: How Amway created a better office for more people
Most people approach talking about difficult subjects as if they were at a debate. That is, arriving at the table (metaphorically speaking) with preconceived notions and ideas. But Amway's VP of Global Litigation and Corporate Law, Claire Groen, knew there had to be a better way. She and the leaders at Amway devised what they call RealTalk, which brings people together to hold conversations on current topics. And when the topics happened to turn into hot-button issues like immigration, the racism at Charlottesville, and so forth, these talks became an incredible conduit to a more inclusive office. People were heard, and in turn listened more to ideas outside of their comfort zone. This resulted in a better and more inclusive culture at Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance.
Breaking the ice: How astronauts overcome their differences aboard the ISS
Look up—you can see the greatest feat of human cooperation orbiting 254 miles above Earth. As commander of Expedition 35 aboard the International Space Station (ISS), Canadian astronaut Chris Hadfield understands the difficulty of cultural barriers in team work, and the life or death necessity of learning to communicate across those divides. The ISS is a joint project between five space agencies, built by people from 15 different nations—and each of them has a different take on what is "normal". Hadfield explains the scale of cultural differences aboard the spaceship: "What do you do on a Friday night? What does "yes" mean? What does "uh-huh" mean? What is the day of worship? When do you celebrate a holiday? How do you treat your spouse or your children? How do you treat each other? What is the hierarchy of command? All of those things seem completely clear to you, but you were raised in a specific culture that is actually shared by no one else." Here, Hadfield explains his strategy for genuine listening and communication. Whether it's money, reputation, or your life that's at stake, being sensitive and aware of people's differences helps you accomplish something together—no matter where you’re from. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance. Chris Hadfield features in the new docuseries One Strange Rock and is the author of An Astronaut's Guide to Life on Earth: What Going to Space Taught Me About Ingenuity, Determination, and Being Prepared for Anything
How experiencing discrimination in VR can make you less biased
What would it be like to live in the body of someone else? Since the dawn of mankind, people have imagined what it would be like to inhabit another body, just for a day or even for a few minutes. Thanks to the magic of VR, we can now do that. Jeremy Bailenson, the creator of the Virtual Human Interaction Lab, has designed a VR experience called 1000 Cut Journey that may change the way people see race: by experiencing it firsthand. Jeremy explains to us, "You start out as an elementary school child and you’re in a classroom. You then become a teenager and you’re interacting with police officers. You then become an adult who’s going on a job interview, and what you experience while wearing the body of a black male is implicit bias that happens repeatedly and over time." Jeremy is brought to you today by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, and improve brand image and drive performance.
When data drives diversity and inclusion, good things happen
What makes a job a great place to work? A sense of equity and ownership, says Michael Bush, the CEO of the conveniently named Great Place to Work. They're a global consulting and analytics firm that produces the annual Fortune 100 Best Companies to Work For list, the 100 Best Workplaces for Women list, the Best Workplaces for Diversity list, and dozens of other distinguished workplace rankings around the world. Michael's new book is A Great Place to Work for All: Better for Business, Better for People, Better for the World, and he's brought to you today by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image and drive performance.
Neurodiversity: Many mental 'deficits' are really hidden strengths
Color-blindness. Left-handedness. Dyslexia. Autism. These are all different ways in which the brain is rewired differently than the norm. But Heather Heying, evolutionary biologist and former Professor at Evergreen State College, is saying that these so-called differences are really strengths. For example, she relays us a story about her autistic students being far more adept at spotting social dynamics emerging in the classroom, long before non-autistic students. And left-handed people are often way more creative than their righty counterparts. Evolution might suggest that we need these differences to be stronger as a whole. Be sure to follow Heather on twitter: @HeatherEHeying and through her website, heatherheying.com. Heather is brought to you today by Amway. Amway believes that diversity and inclusion are essential to the growth and prosperity of today’s companies. When woven into every aspect of the talent life cycle, companies committed to diversity and inclusion are the best equipped to innovate, improve brand image, and drive performance.