Tesla’s Price Tag: OEM unveils plans for cheaper, iron-based EV batteries

California, United States ⁠— Tesla has plans to use cheaper, iron-based batteries in electric semi-light trucks, the OEM announced last Thursday via its Master Plan Part 3 paper. Tesla currently uses nickel-based batteries in its EVs. Lithium iron phosphate batteries are generally cheaper than nickel and cobalt-based lithium-ion batteries, which analysts expect will help the […]