"If we can make the inverter just half a percent more efficient, that’s half a percent less battery pack that we have to put in the car or half a percent more range that the customer gets..."
If true, the small size of the basic battery is beginning to make sense now; a bigger battery could easily push over 300 miles.
I really don't care about the improvement in performance since it will already be quicker than any car I've owned in the last 30 years.
If the improved converter helps range even by a very small amount that would be more important. A little more range here and there adds up.