Tesla-Boss Elon Musk (49) tried to curb the self-generated hype about the “Battery Day” he staged. The event, which was already announced for Tuesday in 2019, had aroused great expectations. Tesla’s share price had also risen against the market at the beginning of the week, the company is now around four and a half times as much as at the beginning of the year.
The improvements that the electric car maker will present on Tuesday at “Battery Day” could only be manufactured in large numbers after 2022, wrote Musk on Monday on Twitter. In fact, Tesla plans to buy more batteries from Panasonic, LG Chem, CATL, and possibly other manufacturers. The Tesla share initially fell by about 4 percent in after-hours trading.
Recently, there had been many puzzles as to what Musk would announce. Among other things, the patents for electricity storage were evaluated because the cars should possibly be more networked in Tesla’s energy business. Numerous experts predict that the Californians will announce advances in battery technology on Tuesday that will keep Tesla ahead of rivals in terms of technology General Motors and Volkswagen likely to increase further. Tesla is recognized worldwide as the leading manufacturer of electric car batteries. Compared to internal combustion engines, the technology is still expensive, but Tesla is able to install the batteries at the lowest possible cost.
In August, Musk said on Twitter that Tesla may be able to manufacture batteries with an energy density that is half higher in three to four years. This could be made possible by electrically powered aircraft.