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Investor Alert

Sept. 21, 2020, 5:08 p.m. EDT

Musk: Tesla's Battery Day product won't reach 'serious high volume' until 2022

Tesla Inc. (NAS:TSLA) Chief Executive Elon Musk tweeted late Monday an "important note" about the electric-car maker's Battery Day slated for Tuesday: What Tesla will announce tomorrow "will not reach serious high-volume production until 2022." The product or products will affect long-term production "especially" of the Tesla's Semi, the company planned long-haul truck, the pickup truck Cybertruck, and the redesigned Roadster, Musk said. Tesla stock, one of the few to end Monday in the black, turned 2.5% lower in the extended session. The Battery Day and Tesla's annual shareholder meeting are scheduled to be webcast starting at 4:30 p.m. Eastern.

Link to MarketWatch's Slice.