Monday, January 3, 2011

Cheap Batteries Will Make Tesla's Model S Profitable

As is the case with development costs for normal electronic appliances, it comes as no surprise that battery costs for electric vehicles should go down over time. but with billions being invested in electric vehicle development, pioneering companies will have a difficult job reaching the point of profitability.

According to a recent statement made by company execs for Bloomberg, Tesla Motors believes that cheaper batteries will make its Model S sedan profitable with much lower sales than Nis...

Source: http://www.autoevolution.com/news/cheap-batteries-will-make-tesla-s-model-s-profitable-29138.html

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