Manganese X Energy Corp. confirmed that manganese received favorable mention from Elon Musk in his Tesla Battery Day presentation regarding the future of electric vehicles and energy storage. With Tesla's battery technology advancements and efficiency improvements, the new cell design will give the company's vehicles a 16% increase in range and a 5x increase in energy. Battery chemistry for higher-end vehicles will use nickel-manganese to its increased energy density. Tesla also ultimately wants to eliminate cobalt in the cathode, saying it will make batteries significantly cheaper. This, along with the company's other innovations, will result in the reduction in the price per kw for the batteries by 56%. Musk said this cheaper battery will enable the company to produce a $25,000 EV.