Elon Musk said ” Currently Tesla is capable of making a car that has a 500 miles range on a single charge ” during the Baron Funds investor conference.
So The company can make a long range car with current batteries. But why they don’t, Elon Musk said; ” the cost would be so much and vehicle would be too high”. They need to fill front, rear trunk and take a little bit space from the passenger room, if they fill these will places with batteries no doubt that car will go 500 miles with a single charge.And Elon Musk added this, within ten years the company would be able to make a car with the same range without changing the Model S structure, so same Model S but more range. Now the company not focused on how much energy the battery can produce, they focused on how they can make the same battery with the lower cost.
Now the current battery can go 300 miles with a rate of 65 miles per hour. Even this range is pretty good for most of the people. But real issue here is; if Tesla want go grow and became a strong company they need to sell more cars and not many people can afford a car that is $100.000 so that is why they focused on the battery cost. Elon Musk doesn’t give a exact number but they want to lower the cost %30 per battery, with their new giant factory they are planing to reach this number.
With the price reduction Tesla will be able to start making Model 3 in 2017, their low cost car which is planed to be between 30 – 40 thousand dollar.
