– It will be pretty crazy – E24

On Tuesday, Tesla will hold its shareholders meeting, followed by a technology news presentation. The show has been named “Battery Day”.

Everything is broadcast via video link from 10.30pm Norwegian time.

Tesla boss Elon Musk has promised before to show “many interesting things” at night, and has also tweeted that drumming day “will be pretty crazy.”

But on Monday night the tone was different, when Musk wrote that the product (or products) to be shown will not be produced in high volume until 2022.

– This affects long-term production, especially Semi, Cybertruck and Roadster, wrote Elon Musk.

Tesla has been mass-producing batteries for its cars at its “Gigafactory” in Nevada since 2017, along with its partner Panasonic. Recently, Tesla has also started buying battery cells from CATL and LG.

In Monday’s statement, Musk wrote that Tesla plans to “increase, not reduce, the purchase of battery cells from Panasonic, LG and CATL (possibly also from other partners).” But even though our suppliers produce at their best, we still see significant shortages in 2022 and beyond, unless we act ourselves.

Shares of Tesla fell 5.8 percent aftermarket following Musk’s Twitter posts, after ending ordinary trading on Wall Street up 1.6 percent.

New batteries

Tesla filings have tended to fluctuate for stocks, and it’s not uncommon for stocks to rise on the same day.

Earlier this week, Deutsche Bank analyst Emmanuel Rosner raised the stock price target 33 percent to $ 400, while referring to battery day, according to Marketwatch.

According to the website, the analyst speculates that Tesla will introduce its own battery production, with the aim of increasing capacity, improving chemistry and cutting costs.

Dry electrodes

UBS also expects Tesla to present an update to its battery technology, according to The Guardian. They refer to the acquisition of Maxwell Technologies by Tesla last year.

Maxwell produces technology for the so-called dry electrode, which according to the newspaper increases the energy density of batteries by up to 50 percent.

Also, it is claimed that the technology can make batteries cheaper to produce. It could also allow Tesla to remove cobalt from its batteries.

At the same time, analysts are looking at what Tesla can do to meet the goal of a so-called “million mile battery” – a battery with a 1.6 million kilometer life.

Such a battery will have the potential to be reused multiple times and will allow fleets of self-driving cars to be deployed autonomously throughout the day, writes Teknisk Ukeblad.

Promises

However, only Tesla knows the final decision on what will be unveiled Tuesday night, and everything else is currently just speculation.

But it is not necessarily the case that what Elon Musk presents will become a reality in the near future.

CNBC highlights Tesla’s presentation of solar cell roof tiles in October 2016. The presentation helped Tesla acquire SolarCity, but the company has yet to begin installing solar cell roofs in significant volumes.

And in April 2019, Musk stated that “we hope to be sure, from our point of view, that people don’t have to touch the wheel and can look out the window” when driving Tesla cars with Full Self Driving enabled for second quarter of 2020..

This summer, however, it emerged that the autonomous driving system is undergoing a “fundamental rewrite,” the channel writes.

– We caution investors not to dive into claims that are “years away,” writes Chris McNally of Evercore ISI in a note, reproduced by Marketwatch.