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

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

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By Claudia Assis

TSLA

Tesla Inc. /zigman2/quotes/203558040/composite TSLA -2.06% 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.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 421.94
-8.89 -2.06%
Volume: 31.66M
Oct. 20, 2020 4:00p
P/E Ratio
1,098
Dividend Yield
N/A
Market Cap
$402.20 billion
Rev. per Employee
$439,627
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