Tesla - battery day!

[Joe Kim]

Tesla battery investor day 9.22.2020 !   These are my thoughts BEFORE the event later today.

This is the event that basically reveals the "how" Tesla will continue to grow their dominance in the EV industry.

1)  Million mile battery -  a battery that will last longer than any ICE (old school fossil fuel burning combustion engine) car.   

2)  New battery technology (code name Roadrunner)- higher density, cheaper manufacturing cost, newer cheaper/environmentally friendly ingredients =  translation:  lower cost of the making the car and easier manufacturing to further their mission. (larger cells, tabless,dry battery electrode, cell to pack)

3)  New manufacturing plans - Gigafactory in Berlin and Terafactory in Austin, Texas.   Improvement efficiencies, new giant casting machines to simplify and reduce cost. 

4)  Dominance in FAST (SUPERFAST) charging with supercharger network that all other EVs are not using.   Tesla has the key to long distance travel with FAST, convenient charging all across the US and the globe.    funny thing, Elon offered it to other car makers but they all refused.   Wonder why? 

5) Refresh of Model S/X with plaid powertrain that should put Tesla back on top (Porsche Taycan currently fastest EV and Lucid Air Dream that is reported to be faster).   Hopefully there is also a external and internal refresh as well.  These are margin luxury level vehicles.

6) Profitability.  Q3 and Q4 should smash all prior delivery records and bring 2020 to a FANTASTIC profit story for Tesla when all other automakers are struggling to keep billions of losses from killing their business.

7) Surprises??   Hopefully more news on Tesla roadster 2.0 and semi-truck and total surprise news too??

1:30 pm PST, 9.22.2020

Hope to hear what you guys were excited about AFTER watching the event!

[Neil Narayan]

Great summary Joe .. thanks