On April 13, Elon Musk stated that the Model 3’s battery should last 300,000 to 500,000 miles, which is the equivalent of 1,500 cycles. The even more exciting announcement from Musk is that Model 3 battery’s design allows replacing modules instead of the entire battery, thus saving money for electric cars owners. Musk affirmed that replacing the battery modules will only cost between $5,000 and $7,000. The Model 3’s battery pack, which has four battery modules, is guaranteed to keep the 70% of its capacity for 100,000 miles. The warranty for the long-range Model 3 battery is 120,000 miles.