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Tesla Motors (TSLA) is on a path to cut its battery pack cost by more than half by 2020, fueling the electric car maker to high profitability, says Jefferies & Co. analyst Dan Dolev after doing a battery component study. “Lowering battery cost via changes to cell chemistry and Gigafactory scale benefits are critical determinants of Tesla’s ability to sell an affordable Model 3 starting at $35K,” Dolev wrote in a research note Thursday. “Our Scalper1 News
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