Are Battery Cost Improvements Still A Big Driver Of Tesla’s Margins?

Are Battery Cost Improvements Still A Big Driver Of Tesla’s Margins?

The cost of batteries, which are a key building block of electric vehicles, has declined considerably in recent years. Per Bloomberg New Energy Finance, EV industry average battery prices have declined from an average of around $384 per kilowatt-hour (kWh) in 2015 to about $137 per kWh in 2020…