Tesla is developing a new battery technology that promises to increase vehicle range by 30% and reduce production costs by 15%. The development costs are $1 billion, with annual operational savings estimated at $300 million.

Requirements:

• Outline the development costs and projected operational savings in a paragraph format.
• Calculate the ROI and payback period for the new battery technology.
• Determine the incremental revenue potential from increased vehicle sales.
• Analyze the strategic implications of improving battery technology for Tesla.
• Discuss regulatory considerations and environmental benefits of the new technology.
• Evaluate the financial impact on Tesla's profitability and competitive position.