Tesla's 4680 battery cell program, which aims to make electric cars more affordable, is making significant strides.
In the second quarter of 2024, Tesla increased 4680 cell production by 50% compared to the previous quarter.
The company also successfully built the first Cybertruck using its own dry cathode 4680 cells, a crucial step in reducing battery costs.
Tesla plans to fully implement this technology in its vehicles, potentially leading to substantial cost savings for electric vehicles.