TSLA
Tesla Battery Day: Live updates
- *5:52 p.m.* - After breaking down the expectation for huge demand for
renewable energy and batteries, Musk notes that today's battery factories
cannot scale fast enough, requiring advances in cell technology. The goal
is to lower the cost of cells (k/Wh) and ultimately the prices of cars to
make them accessible to all. Tesla says it has a plan to halve the cost
of
batteries.
- *5:24 p.m.* - The Tesla (NASDAQ:TSLA) Battery Day event is about to
begin in Palo Alto, California. The event is taking place outside with
shareholders sitting in Tesla cars. During the wrap-up part of today's
shareholder meeting, CEO Elon Musk reiterated that the Shanghai
Gigafactory
can be scaled up to produce 1M cars a year. There was also a victory lap
taken for the four consecutive profitable quarters turned in by the
company
despite a difficult production environment. Shares of Tesla are up 2.30%
in
AH trading just ahead of the meeting after falling 5.60% during the
regular
session. Tesla is up more than 400% YTD.
- Refresh this page for more live updates as the main event plays out.
- Read what bulls and bears say about Tesla.
|Today, 5:24 PM|9 Comments
Tesla Battery Day: Live updates
- *5:52 p.m.* - After breaking down the expectation for huge demand for
renewable energy and batteries, Musk notes that today's battery factories
cannot scale fast enough, requiring advances in cell technology. The goal
is to lower the cost of cells (k/Wh) and ultimately the prices of cars to
make them accessible to all. Tesla says it has a plan to halve the cost
of
batteries.
- *5:24 p.m.* - The Tesla (NASDAQ:TSLA) Battery Day event is about to
begin in Palo Alto, California. The event is taking place outside with
shareholders sitting in Tesla cars. During the wrap-up part of today's
shareholder meeting, CEO Elon Musk reiterated that the Shanghai
Gigafactory
can be scaled up to produce 1M cars a year. There was also a victory lap
taken for the four consecutive profitable quarters turned in by the
company
despite a difficult production environment. Shares of Tesla are up 2.30%
in
AH trading just ahead of the meeting after falling 5.60% during the
regular
session. Tesla is up more than 400% YTD.
- Refresh this page for more live updates as the main event plays out.
- Read what bulls and bears say about Tesla.
|Today, 5:24 PM|9 Comments
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