"We want to leave the exciting news for that day, but there will be a lot of exciting news to tell," Musk said on the company's first-quarter earnings call. Originally, both events had been planned for June.
Musk recently said its Battery Day is tentatively scheduled for September, the month and day to which Tesla recently pushed back its annual shareholder meeting. "Iron phosphate batteries are safer, and they can have second or third lives as electricity storage.'' "If you're talking about batteries that can last twice as long for the same price, it completely changes the math for the consumer," says Wedbush Securities analyst Dan Ives. And the next-gen batteries' long lives may let them be used in ridesharing businesses that demand cars that can take the pounding of near-continuous use. In particular, the extremely long life of batteries soon to hit the market are likely to mean the batteries hold their value well enough to be resold when owners trade in their cars, possibly for use storing solar electricity for homes. The new technology will change the experience of owning a car, whether a Tesla or one made by rivals like General Motors, which is also working on new battery technologies, analysts said.
Reducing Tesla's own costs and spurring mass adoption of EVs remain critical priorities for Tesla, as echoed in a message from Musk to employees on Monday saying it would be a challenge to break even right now.
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