Tesla claims it can drive battery costs down even lower with new material science innovations

Amid a packed afternoon of announcements from Tesla around innovations the company is pursuing to slash the cost of electric vehicle production and energy storage through better battery design, the company said it’s made new advancements in material science for anodes and cathodes — key components of the lithium-ion batteries that are the heart of all of its products.
Tesla took an all-of-the-above approach to improving its battery from the manufacturing process that is still under development to the materials used in cathode and anode, the basic building blocks of any battery system.
The upshot: a reduction in cost of the cathode and anode materials, while boosting performance that on its own could extend the range of its batteries by 20%, Tesla said.
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