Tesla Is Losing The Race To Develop Solid-State Battery Tech

Tesla (TSLA) has long boasted about the superiority of its electric vehicle (“EV”) battery technology compared to those of other manufacturers and automakers. CEO Elon Musk made it a central talking point during the company’s annual meeting, declaring that competitors remained years behind and that Tesla would soon be producing EVs with ranges of 400 miles or more.

However, after years of leadership, Tesla’s edge has been visibly worn down in recent years. A number of fresh competitors, such as the Porsche Taycan, Jaguar i-Pace (TATA) and Audi e-Tron (OTCPK:VLKAF), now sport quite impressive ranges.

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