Published on September 22nd, 2020 |
by Frugal Moogal
September 22nd, 2020 by Frugal Moogal
Watch the Tesla Battery Day Presentation along with us! Streaming starts at 1:30 pm PST / 3:30 pm CST. (Timed updates on this site will be in CST. All updates by Frugal Moogal unless noted.)
Newest updates will be on the top, just under this YouTube livestream of Tesla’s Battery Day presentation:
Happy battery day!
Tesla Battery Day starts at 3:30 pm CST (1:30 pm PST) today, and I’ll be liveblogging the event on this page as it happens, so make sure to bookmark this page or open it in a new tab so that you can quickly return later in the day.
We have just one item to liveblog for now. Yesterday afternoon, Elon Musk tweeted the following:
We intend to increase, not reduce battery cell purchases from Panasonic, LG & CATL (possibly other partners too). However, even with our cell suppliers going at maximum speed, we still foresee significant shortages in 2022 & beyond unless we also take action ourselves.
— Elon Musk (@elonmusk) September 21, 2020
This shouldn’t have been a surprise, but it’s caused the stock price to drop. An example of the “buy the rumor, sell the news” stuff I expect to see until the market realizes Tesla partnering with three of the top four lithium-ion battery companies won’t even meet demand in the near future, the date aligns with anticipated full production at the Brandenburg and Austin Gigafactories, and is just as fast if not faster than competitors like GM’s Ultium battery factory, which GM hopes to open … in 2022.
Thanks in large part to “production hell,” people forget that Tesla has more recently been beating its own timelines handily and managing expectations expertly. This is a bullish tweet, disguised as a tempering of expectations.
Expect to see more news the market doesn’t understand when Tesla Battery Day kicks off at 3:30 pm CST (1:30 pm PST) today! I’ll do my best to put what we learn into context on this page in real time, with updates added to the top. For now, leave a comment with what you’re hoping to see Tesla reveal, and I’ll share a few predictions closer to launch time. Hope to see you then!
In the meantime, here’s some of our coverage of what people are expecting to be revealed or at least discussed during the Battery Day presentation:
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