Batteries make up around 30% of the cost of an EV, according to some estimates.

Buyers of vehicles with the 4680 battery have complained that they are not as efficient as promised.

He doesnt know how to make a battery.

Founder of Chinese battery giant CATL says Elon Musk will fail in efforts to develop new battery technology.

Founder of Chinese battery giant CATL says Elon Musk will fail in efforts to develop new battery technology.Bloomberg / Getty

Hes good for the chips, the software, the hardware, the mechanical things.

That success might be making Zeng somewhat complacent.

News from the future, delivered to your present.

President Donald Trump and billionaire oligarch Elon Musk at UFC 314 at the Kaseya Center on Saturday, April 12, 2025, in downtown Miami.

Elon Musk, CEO of Tesla, during a cabinet meeting at the White House in Washington, DC, US, on Thursday, April 10, 2025.

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Donald Trump and Elon Musk speak in the Oval Office before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025.

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U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC.

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