Elon Musk announces first Tesla-made battery to get to $25,000 EV

Tesla's Battery Day finally happened Tuesday, drive-in movie theater style, with attendees sitting in parked Tesla cars. They were in the Fremont car factory lot facing a stage to hear about the next advancement in battery technology powering Elon Musk's electric vehicles. 

After the company's annual shareholder meeting wrapped up, Battery Day kicked off with CEO Elon Musk and Tesla senior vice president Drew Baglino announcing the first ever Tesla-made battery.

The news indicates a true anticipated tipping point for EVs to go mainstream and cost as much as—or less than—a gas-powered car. Having its own battery is integral to Tesla's plan to produce way more than the expected 500,000 Tesla vehicles this year. Musk said he wants to eventually make 20 million vehicles a year.  Read more...