• 823 days Will The ECB Continue To Hike Rates?
  • 823 days Forbes: Aramco Remains Largest Company In The Middle East
  • 825 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,225 days Could Crypto Overtake Traditional Investment?
  • 1,230 days Americans Still Quitting Jobs At Record Pace
  • 1,231 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,235 days Is The Dollar Too Strong?
  • 1,235 days Big Tech Disappoints Investors on Earnings Calls
  • 1,236 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,237 days China Is Quietly Trying To Distance Itself From Russia
  • 1,238 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,242 days Crypto Investors Won Big In 2021
  • 1,242 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,243 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,245 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,245 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,249 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,250 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,250 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,252 days Are NFTs About To Take Over Gaming?
Fintech Valuations Have Grown Red-Hot

Fintech Valuations Have Grown Red-Hot

Nu’s successful listing probably served…

Biggest Job Gains in History, but It’s Not Enough

Biggest Job Gains in History, but It’s Not Enough

The U.S. economy added 467,000…

Could Crypto Overtake Traditional Investment?

Could Crypto Overtake Traditional Investment?

Despite recent volatility, there is…

  1. Home
  2. News
  3. Breaking News

Elon Musk Hints At Electric Jet Battery

Jet Battery

It has been the bane of the electric vehicle revolution’s hopes—insufficient battery life. But now, Elon Musk has hinted that he might just have a solution to the thing that has dogged EVs for years.

Elon Musk, a name that is synonymous with EV manufacturer Tesla, hinted on Monday that the company might just be able to mass-produce EV batteries that have 50% more energy density within three to four years.

And although Musk’s track record for bold statements has been suspect, with some proclamations bearing fruit and others fizzling, the market is all abuzz.

The battery, Musk suggests, might be used to power an electric airplane. 

“Probably 3 to 4 years,” Musk tweeted on Monday, in response to someone asking why Musk keeps dropping hints about an electric jet.

“400 Wh/kg *with*high cycle life, produced in volume (not just in a lab) is not far,” Musk said on Twitter.

The news comes just a few days before Tesla is due for a 5-to-1 stock split, and on the same day that Tesla announced it was starting operating the world’s largest casting machine at its Fremont factory.

Tesla’s stock was trading down 0.89% on Friday at 2:29 pm EDT at $1,997.59 per share.

Perhaps coincidentally, the statement also comes as drone video footage shows that Tesla’s Tera battery manufacturing facility is undergoing major construction.

Tesla stated earlier this summer that it is making room for its Roadrunner project at that facility, an “in-house designed battery cell manufacturing system to increase production volume and reduce cost,” according to Electrek.

By Julianne Geiger for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment