As most of you know, Tesla recently began operation of the "giga-factory" in Reno where they will be mass producing lithium ion batteries to power their all-electric vehicles. Suppose that over the next few years, Tesla is able to develop and patent some new innovative technologies that result in drastically more-efficient and cost-effective battery production (which they are actually working on!). Explain, from an economic perspective, how this could help them establish and maintain a near monopoly in the all-electric car market. Be detailed and specific on how this generates market power for them.