Source: James Morris, FORBES, 9/26/20


The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after the much-anticipated event, Tesla shares dropped by nearly 10%. This seems to be partly because the “million mile battery” wasn’t part of the presentation. The fickle investment community was hoping for an easily understood revolutionary announcement like an EV battery that will do a million miles without needing replacement. What they got instead was a series of incremental improvements based on technologies that were hard to understand and not very well explained.

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