The Tesla “battery day” presentation is nearly right here, set to happen tomorrow after being rescheduled from April because of the coronavirus pandemic. However with simply hours to go till the corporate reveals one thing — the expectation is that it has developed a minimum of one new sort of battery cell that would assist it keep forward of rising EV competitors — Elon Musk has some news.
We intend to extend, not cut back battery cell purchases from Panasonic, LG & CATL (probably different companions too). Nonetheless, even with our cell suppliers going at most pace, we nonetheless foresee vital shortages in 2022 & past until we additionally take motion ourselves.
— Elon Musk (@elonmusk) September 21, 2020
In accordance with Musk, “what we announce is not going to attain severe high-volume manufacturing till 2022,” and this can have implications for its Semi, Cybertruck and Roadster. He additionally went on to say that the corporate plans to extend battery cell purchases from companions like Panasonic and LG, however indicating the corporate will take motion to keep away from shortages sooner or later, a potential trace to ward entering into cell manufacturing itself. We’ll discover out precisely what meaning when the presentation happens tomorrow, with the Annual Meeting of Stockholders and Battery Day event scheduled to start out at 4:30PM ET / 1:30PM PT.
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