‘Battery Day’ and shareholder meeting likely on September 15, says Musk

Elon Musk

Tesla Inc CEO Elon Musk has said September 15 is the tentative date for the company’s shareholder meeting and also “Battery Day”, at which the electric automaker is expected to reveal major advances in battery technology.

The battery event, which Musk has promoted as being “one of the most of exciting days in Tesla’s history”, was earlier scheduled for May, while the shareholder meeting was due on July 7.

Tesla stated in a regulatory filing on Monday it was delaying the shareholder meeting because of continuing restrictions on in-person gatherings enforced by the relevant governmental authorities due to coronavirus.

The company did not confirm the September 15 date in the filing, but attached an image of Musk’s tweet from Sunday night and stated it will inform about details, including the date, location, and format at a later date.

The Battery Day will come up with a tour of the company’s cell production system, Musk tweeted, without providing any further information.

Tesla and China’s Contemporary Amperex Technology developing batteries together which are designed to last a million miles of use and allow electric Teslas to sell profitably for the same cost or less than a gasoline vehicle, people knowledgeable with the plans have said.

With a global fleet of over 1 million electric vehicles that are able of connecting to and sharing power with the grid, the automaker’s goal is to achieve the status of a power company, rivaling with such traditional energy providers as Pacific Gas & Electric and Tokyo Electric Power, those sources stated.

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