Top
image credit: Unsplash

Tesla shares fall as Musk dampens Battery Day expectations

September 22, 2020

Via: CNBC

Tesla shares sank more than 4% Tuesday morning after CEO Elon Musk sought to manage expectations ahead of the electric carmaker’s Battery Day presentation.

Musk’s company is expected to announce on Tuesday details about a new type of battery cell it has developed. Analysts had hoped the technology could help Tesla maintain its edge over rivals in the electric vehicle space, but Musk dampened such hopes Monday when he cautioned about hurdles to reaching mass production.

Read More on CNBC