'Interesting:' Tesla CEO Elon Musk Intrigued By Microsoft's New Battery Composition With 70% Less Lithium
Portfolio Pulse from Anan Ashraf
Microsoft Corp has developed a new battery material that uses 70% less lithium, which intrigued Tesla CEO Elon Musk. The material, created in collaboration with Pacific Northwest National Laboratory, also includes sodium and aims to reduce battery costs and fire risks. Advanced AI and computing were used to identify potential materials, with 23 candidates found. Musk has emphasized the importance of affordability in EV adoption, noting that high battery costs make EVs more expensive than traditional vehicles.
January 10, 2024 | 9:47 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Microsoft's collaboration with PNNL on a new battery material could position the company as an innovator in battery technology, potentially impacting its market perception positively.
The development of a new battery material by Microsoft could be seen as a significant innovation, potentially leading to positive market sentiment in the short term due to the implications for cost reduction and safety in the battery market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Elon Musk's interest in Microsoft's new battery material suggests potential for Tesla to benefit from reduced lithium usage, which could lower costs and enhance the affordability of its EVs.
Tesla's reliance on lithium-ion batteries and Musk's focus on affordability imply that any advancement in battery technology that reduces costs could have a positive impact on Tesla's business model and stock price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 70