TSLA
Elon Musk sets expectations for Tesla's Battery Day Event
- Elon Musk is out with some intriguing information right in front of
Tesla's (NASDAQ:TSLA) Battery Day event tomorrow.
- "Important note about Tesla Battery Day unveil tomorrow. This affects
long-term production, especially Semi, Cybertruck & Roadster, but what we
announce will not reach serious high-volume production until 2022,"
tweets Musk.
- As for the battery supplier issue, Musk says Tesla intends to increase
battery cell purchases from Panasonic (OTCPK:PCRFY), LG Chem (OTCPK:LGCLF
), CATL and possibly other partners as well.
- "However, even with our cell suppliers going at maximum speed, we
still foresee significant shortages in 2022 & beyond unless we also take
action ourselves," he adds.
- The implication is that strong EV demand is anticipated for the next
few years.
- Shares of Tesla are down 5.71% in AH trading to $423.46. Panasonic is
up
0.75% in early Tokyo trading.
- Read the Tesla Battery Day preview in Seeking Alpha's latest article
in the Stocks to Watch series.
|Today, 7:49 PM|35 Comments
Elon Musk sets expectations for Tesla's Battery Day Event
- Elon Musk is out with some intriguing information right in front of
Tesla's (NASDAQ:TSLA) Battery Day event tomorrow.
- "Important note about Tesla Battery Day unveil tomorrow. This affects
long-term production, especially Semi, Cybertruck & Roadster, but what we
announce will not reach serious high-volume production until 2022,"
tweets Musk.
- As for the battery supplier issue, Musk says Tesla intends to increase
battery cell purchases from Panasonic (OTCPK:PCRFY), LG Chem (OTCPK:LGCLF
), CATL and possibly other partners as well.
- "However, even with our cell suppliers going at maximum speed, we
still foresee significant shortages in 2022 & beyond unless we also take
action ourselves," he adds.
- The implication is that strong EV demand is anticipated for the next
few years.
- Shares of Tesla are down 5.71% in AH trading to $423.46. Panasonic is
up
0.75% in early Tokyo trading.
- Read the Tesla Battery Day preview in Seeking Alpha's latest article
in the Stocks to Watch series.
|Today, 7:49 PM|35 Comments
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