Comments by "Nicolae Crefelean" (@kneekoo) on "Bloomberg Television"
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@WhittyPics Tesla makes profit from EVs, which is not a secret, considering their financial statements are public. Now in regards of battery cost, Tesla is also working on it, by reducing it with the new 4680 batteries. They aim for a 56% reduction in cost, but we'll see.
However, they're not the only ones working on innovation. And as with many technologies, the more research and development goes into it, the more streamlined those things become. Smartphones were expensive early on, and now you can get one, albeit mediocre, for under $100.
Battery cost has gone down in recent years and will keep going down for a while. And while I don't expect them to cost $2000 any time soon, it's hard to argue that a 10-15 year old ICE car doesn't require a lot of money for consumables, maintenance and service. There's always cost involved. This is simply about switching to technologies that are better for the environment. And hopefully it won't take too long before we find something even better, but hey... huge changes aren't easy.
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