TESLA BATTERY DAY ULTIMATE SUMMARY!? 7 TAKEAWAYS?
Tesla Battery Day 2020 finally happened, the most anticipated growth Catalyst but then after stock crashed!
Now I actually did a prediction, a few days ago…which was that this could be a “Buy the Rumour Sell the news”
moment and it’s clear that happened as the stock tanked after the event.
“Buy the Rumour, sell the news” is where investors buy in heavy prior to the event then sell on great results to cash high profits.
Surprisingly, though I think the event was great & it’s clear the team is working on some interesting concepts which should cement their Position as the Number 1 EV maker.
However, perhaps the event didn’t have that wow factor to entice in new investors and thus many decided to cash i some profits.
So what actually happened at the Tesla Battery Day, well rather than making you guys sit through the entire 3 hours.
I will reveal my top 5 Takeways from the Battery Day event.
Takeaway 6.
Tesla Plans to have a $25,000 Tesla Car, the Tesla Model 2. which will be affordable for the masses.
However, the only Caveat to this it is won’t happen for another 3 years!
TAKEWAY 5. Tesla is rewriting their Self Driving Software
Which is already safer than humans.
With the US average for collisions at 2.1/million miles and with AUto Pilot engaged this drop to 0.3/million miles.
and Issuing a Beta Version of the Full Self Driving Auto pilot within the next month or so.
But if we calibrate this to “Elon Timing” this is most likely to be within 3-6 months.
Takeaway 4 . New tabless battery design will extend range, power
Tesla is going to manufacture its own batteries in-house, following a new “tabless” design that does away with the tabs that enable a cell’s energy to be transferred to an external source. Tesla says the new batteries will reduce costs and bring the sale price of EVs one step closer to petrol-powered cars.
Musk said that the tabless batteries will also improve its vehicles’ range by 16% and power by more than six times.
Takeaway 3. High Speed Continuous Motion Assembly.
2.58. Which aims to give 7x the line output
2. Cobalt to be phased out in batteries
It’s rare (i.e. expensive), hard to mine and often done so unethically, so it makes sense that Tesla is looking to eliminate cobalt from its batteries. The firm already uses far less than many in its industry, but Musk said Tesla will now stop using cobalt all together.
While we don’t have a timeline for the phase out of cobalt, Musk did say that it’s a move that will make its batteries significantly cheaper.
1. Tesla is officially getting into the Mining Business having secured rights to a 10,000 acre lithium clay deposit in Nevada.
A new cathode plant is coming…
Tesla Model S in production in CaliforniaTesla plans to build a new cathode plant for its batteries in North America. While we don’t know exactly where this will be, Musk did say that he eventually wants a gigafactory on every continent. A Tesla announcement in July said the firm was building its next US factory in Austin, Texas.
Drew Baglino, the SVP of powertrain and energy engineering at Tesla, who joined Musk throughout Tesla Battery Day, said: “We’re gonna go and start building our own cathode facility in North America and leveraging all of the North American resources that exist for nickel and lithium, and just doing that just localizing our cathode supply chain and production, we can reduce miles traveled by all the materials that end up in the cathode by 80%.”
BONUS:
. MODEL S PLAID (Tesla Supercar)
Model S Plaid will cost $139,990, be capable of 200mph
The Plaid powertrain has been teased for a while, but will it live up to expectations?
As part of the Tesla Battery Day presentations, Musk showed off the new “Plaid” version of its Model S sedan, which will be a step up from its “Ludicrous” model. With a range between charges of 520 miles, a zero-to-60 time of less than two seconds, and a top speed of 200mph, we’d argue the Plaid will indeed please both EV fans and skeptics alike. The $139,990 price tag is likely to be a sticking point for many people though.
FINAL THOUGHTS?
Overall Tesla, is still an innovative company and has big plans to own the entire supply chain with it’s vertical integration.
This should help to cement it’s position as the number one EV Maker.
However, as this event didn’t reveal a major WOW factor many investors chose to “Buy the rumour and sell the news”
The worry is the 3 year plan for the $25,000 model may allow other ICE manufactures to catch up…but aslong as TESLA keeps innovating it should be able to stay ahead of the pack.
SO THE QUESTION IS, WILL TESLA STOCK CONTINUE TO FALL? and SHOULD YOU SELL YOUR TESLA STOCK?
Well this is entirely up to you, but what you should know is Tesla’s fundamental’s have not changed and the company is continually innovating.
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