How to watch Tesla's hotly anticipated 'battery day' presentation by Elon Musk
"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 tweeted, adding that the "extreme difficulty" of increasing production of new technology isn't fully understood by many people.Still, analysts say the event could be a significant catalyst for Tesla's sales — and its stock price.
"The technology innovations around Giga/Fremont remain the key ingredients in Tesla's success on the battery front and we believe the company is getting closer to announcing the million mile battery at this highly anticipated event," Dan Ives, an analyst at Wedbush, said this month. "This battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem," he continued. Get your weekly recap of all things electric vehicles, airlines, and more. Sign up for our Shifting Gears newsletter now.
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