During Tesla’s 2021 shareholder meeting, CEO Elon Musk said Tesla is purchasing a lot of battery cells from suppliers at mass scale, as the company tries to keep up with customer demand.
“We need a lot of batteries”, reads Tesla’s slide deck on the matter. Tesla says it “accounted for 0.7% of car sales but bought 26% of all cells used by autos industry in 2020.”
Tesla is planning an ongoing focus on cost reduction, noting it is seeing a reduction in average selling price but gross margins are increasing.
The company also detailed its 5-step plan to “dramatically reduce cost” of battery packs and capital expenditures. The cost of its battery packs have been cut by 50%, while capex has been reduced by two-thirds.
Tesla has quietly rolled out a new High Voltage Battery and Drive Unit Extended Service Agreement (ESA) for Model 3 and Model Y owners in the U.S. and Canada, offering additional peace of mind once the vehicle’s original battery warranty expires. Priced at $2,000 USD (or $2,800 CAD), the new Battery ESA extends coverage for […]
Tesla is preparing to raise lease pricing across several models in the U.S., with increases of up to 67% set to take effect later this month. According to longtime Tesla watcher Sawyer Merritt (@SawyerMerritt), the higher pricing will apply to the Model 3, Model Y, and Cybertruck AWD beginning December 26, 2025. Customers looking to […]
Tesla has added an unexpected new item to its online shop: a limited-edition Plaid Pickleball Paddle created in collaboration with premium paddle maker Selkirk. Priced at $350, the Tesla Plaid Pickleball Paddle by Selkirk borrows its name from Tesla’s top-tier Model S Plaid and Model X Plaid vehicles, and leans heavily into performance-focused design — […]
