Tesla Model S
A visitor checks a Tesla Model S car during the Auto China 2016 in Beijing, China, April 25, 2016. Reuters/Jason Lee

A battery breakthrough may lead to the Tesla Model S being available at a cheaper rate, a study conducted by Cambridge researchers has confirmed.

As per Seeking Alpha, the results of the study confirmed that it is possible to lower costs of a 100 pound lithium ion battery significantly from US$30,000 (AU$39,300) to just US$6,000 (AU$7880), shrinking the overall cost of the Tesla Model S to US$86,000 (AU$113,000).

A gasoline engine on an average travels at least 300 miles whereas electric cars currently max out at 100 miles on a single charge. However, the Tesla Model S can drive up to 305 miles. Tesla offers its Model S at US$110,000 (AU$145,000 approx).

Thankfully, the recent study can increase electric car ranges by 500 percent and at the same time lowering costs considerably, writes iTech Post. The same initial cost of Tesla Model S’ US$110,000 (AU$145,000 approx) can make the vehicle travel 1,450 miles with a change in size and weight of battery.

However, the study arrived at the results using lithium-air formula during battery construction. It is reportedly 10 times denser than available lithium ion batteries, which allows more energy to be conducted and circulated.

As per Business Insider, the popularity of the Tesla Model S is growing exponentially. In fact, it has also been found that demand for the Model 3 is slowly shifting towards the Model S. Tesla CEO Elon Musk has however noted that demand has never been a problem for the company.

On the other hand, it’s the production constraints that have limited production in Tesla. Demand for Tesla vehicles has always been there but it’s the supply that is a problem. Hopefully, the new research will solve this problem for the Tesla Model S, which is currently in demand.

For more updates on Tesla Model S, stay tuned on IBT AU.