Tesla Inc CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines.
CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines.
Musk, who frequently launches new products in attention-grabbing, show-like announcements, has fueled expectations for Battery Day over the past months, in April calling the event “one of the most exciting days in Tesla’s history.” “We suspect there will be a plenty for everyone,” Canaccord analyst Jed Dorsheimer said in a Monday note.
While average electric vehicle prices have decreased in recent years thanks to changes in battery chemistry and composition, they are still more expensive than conventional cars, with the battery estimated to make up a quarter to a third of an electric vehicle’s cost.
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