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Agree it's a puff piece, but the full quote you took that from is "General Motors announced that battery costs for its 2016 Chevrolet Bolt had fallen to USD 145
by ethbro 10y ago
Agree it's a puff piece, but the full quote you took that from is "General Motors announced that battery costs for its 2016 Chevrolet Bolt had fallen to USD 145/kWh by October 2015, and that it hopes to reduce costs below the USD 100/kWh mark by 2022 (GM, 2015, EV Obsession, 2015). The electric car manufacturer Tesla aims to break the USD 100/kWh mark by 2020 (HybridCARS, 2015)."
Also, in reading some of the background on the numbers, journalists seem to be failing (surprise!) to distinguish between $/kWh per battery cell vs battery pack.
- petra 10y agoMusk isn't that great at predicting when will the future happen(he's better at predicting general trends), probably partially because stock pumping PR is critical to his biz.
- ethbro 10y agoTo some extent stock pumping PR funds Tesla, which in turn provides them easier capital for funding the GigaFactory, which rationalizes the PR. It's only Theranos if you don't deliver.
- nickik 10y agoThat's sort of exactly how it is supposed to work.
- xenadu02 10y ago> It's only Theranos if you don't deliver. Indeed; last time I checked, Tesla is shipping working cars and SpaceX is successfully putting satellites into orbit/delivering supplies to the ISS.
- erikpukinskis 10y agoNot just shipping working cars, but consistently growing production by 40%+ per year.