I think folks who yawned coming out of this missed this fact.
The 4680 is a huge part of Tesla's future plans. As of the last earnings call, it was basically dead in the water due to issued scaling production. Over the past few weeks we've been getting hints they solved those issues. This meeting confirmed that the production issues with the 4680 are behind us and they can start pushing hard on getting all of the awesomeness promised at battery day behind us.
That means:
- Cost of batteries for Model Y goes down by... 50%? That lops $3-5k off the cost of a Model Y. And it will likely perform better as well.
- Cybertruck, Semi, and Roadster production are no longer blocked... this is huge.
- Tesla $25k becomes possible.
- Once production ramps up, they will convert the Model 3, Model S, and Model X batteries will drop too.
- Tesla's battery production will increase due to smaller facility requirements.
- This means Teslas battery cost will going forward be 30-50% less than the competition.
Maybe this isn't "News" because it was widely rumored, but for me anyhow any time really good news moves from the rumor to confirmed category I get amped.