Musk realizes that the cost of batteries is one of the reasons Tesla car prices are so high. In September, he announced an ambitious battery supply plan during the company’s Battery Day event.
Currently, Tesla has battery suppliers including Panasonic and CATL but it is pursuing an in-house redesign of lithium batteries, which will use nickel cathodes, instead of cobalt. Its ultimate goal is to build a more efficient and cost-effective battery to help lower the price of its electric vehicles.
Indonesian president wants to meet in the US
Indonesian President Joko Widodo is anticipating a meeting with Musk and the Tesla team next week. Widodo plans to send a high-level team to the meeting.
The meeting date is still uncertain since Musk may be infected with COVID-19. He has tweeted having been tested 4 times and has 2 positive and 2 negative results.
Meanwhile, the Indonesian delegation is looking forward to the possibility of their country becoming the world’s biggest producer of electric vehicle (EV) batteries.
