Elon Musk unveils Tesla's new technology in "Battery Day

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Elon Musk, Chief Executive Officer of Tesla Automobile Company (Tesla) held a "Battery Day" event to unveil new electric vehicle battery technology. and is expected to speak of efficiency. convenience and the cost of electric cars compared to petrol cars.

However, the excitement for "Battery Day" seemed to have subsided after Musk said yesterday that The new technology advancements to be revealed at this event won't be mass-produced until 2022, and this led Tesla's share price to drop in Tuesday's trading. to $424.26 per share.

Elon Musk mentioned Battery Day months earlier. It's said to be one of the biggest launches Tesla has ever had.

Analysts believe that Musk will introduce several new technologies. including batteries that can store more electricity This allows electric cars to run farther from a single charge. including the reduced cost of producing batteries This could also lower the price of Tesla's electric cars in the future.

Today, Tesla's electric SLOTXO cars are still more expensive than conventional motorized cars. The cheapest model, the Model 3, starts at $38,000 in the US. It can run a distance of 400 km from a single charge.

Tesla currently produces batteries in partnership with Japan's Panasonic, South Korea's LG Chem and Chinese firm CATL, which feed the cells used in batteries to Tesla's factories.

On Monday, Elon Musk said it would increase battery cell purchases from the three companies and others, and was building Tesla's own battery cell plants in Germany and the state. california as well