Tesla's battery decision is game-changing in the electric car market


Tesla has released a report for the third quarter of 2021. She once again confirmed that she is the leading manufacturer of electric vehicles on the planet, shaming the stockbrokers and skepticswho predicted the collapse of the company due to the improvisations of Elon Musk, writes the American edition of OilPrice.


The steps taken by the company turned out to be correct. It is close to its cherished goal of producing and selling 1 million electric vehicles in a year. Tesla reported that in the third quarter it produced 237 electric vehicles (+ 823%) and delivered 64 electric vehicles (+ 241%). There are very few left to the coveted 391 thousand electric vehicles per quarter. In the first half of the year, Tesla delivered 73 thousand electric vehicles, taking a 250% share of the global market and becoming the best-selling manufacturer of such products.

The company's revenue in the third quarter was $ 13,76 billion (an increase of 56,9% on an annualized basis), and GAAP net income was $ 1,6 billion (an increase of 389% on an annualized basis).

The gross margin (the difference between price and cost) in the company amounted to 30,5% against the forecasted 28,4%.

But Tesla could increase its already impressive margins by doing another neat trick by supplying cheap cobalt-free batteries to its EVs.

- consider in the publication.

Tesla's decision will change the rules of the game in the electric car market. In a presentation to investors, the company said that it is changing the chemistry of its batteries from Nickel Cobalt Aluminum (NCA) to an older one. technologywhich uses lithium iron phosphate (LFP). LFP batteries have a much longer life and are less expensive than NCA or Nickel Manganese Cobalt (NMC) batteries. The biggest drawback of LFP batteries is their lower energy density. However, this disadvantage can be compensated by the absence of the need to cool the battery - LFPs heat up significantly less than NCA.

Many electric buses in China already use LFP batteries. Tesla introduced LFP batteries in its Model 3 in China last year, dropping the price from 309900 yuan ($ 48080) to 249900 yuan ($ 38773). Elon Musk clarified that increasing the energy density of LFP batteries now allows them to be used in budget electric vehicles.

In December last year, BloombergNEF reported that the cost of batteries for the first time in history fell below the threshold of $ 100 per kWh, which is an important psychological factor for buyers. Tesla's move to LFP could help drive the further development of energy storage technologies, as well as the growth and advancement of the company.
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  1. Cyril Offline Cyril
    Cyril (Kirill) 26 October 2021 11: 20
    -4
    "Tesla is bankrupt!", "Mask is a swindler and a thief!"
  2. Oleg Ermakov Offline Oleg Ermakov
    Oleg Ermakov (Oleg Ermakov) 26 October 2021 12: 50
    0
    All this whistle of Teslamas, with flights into space, simple puffing of cheeks or artificially inflating shares by simply printing a dollar, and through dummies they pump the liquidity of shares, as it were, but in reality, as the dollar is secured by people's faith in it, so everything in which it is invested is kept on faith, hope, but definitely not love, this pyramid will collapse and crush many, Thank God Russia does not stand under this pyramid, unless our elites, and even then not all.
  3. Kuramori Reika Offline Kuramori Reika
    Kuramori Reika (Kuramori Reika) 26 October 2021 14: 10
    +5
    They will someday understand that energy is not born in sockets by itself. It requires huge generating capacities, which they let down the toilet.
  4. Abakan Offline Abakan
    Abakan 26 October 2021 18: 15
    -5
    American Tesla as a company is more expensive: BMW, Mercedes Benz, Volkswagen (Audi) combined. Tesla didn't exist when our current president came to power, Karl !! they have done a lot over the past 18 years, made a leap

    Tesla sales: 500000 in 2020, 1 million in 2021 (forecast), 2 million likely in 2022 as they open 2 gigafactories.

    Coming soon to be the First Auto Company worth $ 1 trillion, Toyota is worth $ 250 billion by comparison.
    1. Kristallovich Online Kristallovich
      Kristallovich (Ruslan) 26 October 2021 18: 29
      0
      Coming Soon to The First $ 1 Trillion Automotive Company

      Yesterday it was.
      1. greenchelman Online greenchelman
        greenchelman (Grigory Tarasenko) 26 October 2021 23: 10
        +1
        And Musk now has a fortune of $ 250 billion.
  5. Bitter Offline Bitter
    Bitter 26 October 2021 21: 41
    +4
    I then thought, really Tesla came up with how inexpensive and efficiently you can recycle old batteries. This is a breakthrough. And then again the same mantra - cheaper to produce, more expensive to sell and forget. request