+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Tesla delays its much-hyped 'battery day' and annual shareholder meeting until September because of the coronavirus

Jun 22, 2020, 20:18 IST
Business Insider
Elon Musk, founder and CEO of SpaceX, speaks during the Satellite 2020 conference in Washington, DC, on March 9, 2020.Yasin Ozturk/Anadolu Agency via Getty Images
  • Tesla has delayed its battery day event again, along with its annual shareholder meeting, due to the coronavirus pandemic.
  • Both are now tentatively set for September to allow for in-person gatherings.
  • Elon Musk has promised the forthcoming battery event to be one of the "most exciting" in Tesla's history.
Advertisement

Tesla has postponed its annual shareholder meeting, originally set for July, to September because of the coronavirus, chief executive Elon Musk said over the weekend.

The investor meeting will be combined with Tesla's planned "battery day" event, which was originally set for June in Texas after being delayed once before because of the pandemic, Musk said.

Tesla confirmed the plans in a regulatory filing Monday, and noted that the new date will be finalized at a later date.

It's not clear what, exactly, the company plans to highlight or unveil at its forthcoming battery event, but Musk has touted it as one of the "most exciting" in Tesla's history.

"We want to leave the exciting news for that date," he told investors in April. "There will be a lot of exciting news to tell."

Advertisement

Wall Street's eager to see what Musk has in store, and shares of Tesla continue to climb. The stock passed $1000 again in trading Monday, closing in on another record high.

"Cross-referencing market data supports expectations Tesla will disclose new benchmarks in energy density cell cost, cobalt-free and long-duration batteries, basically Part 3 of the 'Master Plan,'" analysts at Jefferies said in a note to clients. "Leading in Million-mile battery has profound implications for lower life-cycle emissions, vehicle design (powertrain life 2-3x longer than current ICE) and lower/delayed recycling requirements."

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article