Elon Musk says Tesla battery tech two years from mass production

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The superior automobile battery expertise Tesla is anticipated to unveil this week gained’t be broadly out there for one more two years, CEO Elon Musk says.

The Silicon Valley automaker is about to disclose its newest improvements at Tuesday’s “Battery Day” occasion, however Musk stated they “is not going to attain severe high-volume manufacturing till 2022.”

“The intense issue of scaling manufacturing of latest expertise just isn’t effectively understood,” the billionaire tech tycoon tweeted Monday. “It’s 1000% to 10,000% tougher than making a number of prototypes. The machine that makes the machine is vastly tougher than the machine itself.”

Musk stated Tuesday’s bulletins would have an effect on long-term manufacturing for Tesla’s Cybertruck and Roadster fashions in addition to the electric semi truck the corporate unveiled almost three years in the past.

The extremely anticipated occasion is expected to incorporate particulars of Tesla’s plans to supply its personal battery cells together with the attainable rollout of a “million mile” battery that may go roughly twice so far as the corporate’s present expertise.

However Musk indicated Tesla plans to purchase extra battery cells from associate firms together with Panasonic, LG and CATL whereas it beefs up its personal expertise. Even with these elevated purchases, Tesla expects “vital” battery shortages in 2022 and past “except we additionally take motion ourselves,” he tweeted.

Tesla shares tumbled 5.1 % in premarket buying and selling to $426.45 as of seven:57 a.m. forward of Tuesday’s occasion, which Musk has stated will likely be “very insane.”

With Publish wires

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