very insane". Although superlatives are often used by Tesla’s somewhat eccentric CEO, Tesla’s mind-blowing performance throughout 2020 does suggest that the company could deliver something revolutionary.” data-reactid=”12″>Tesla Inc’s (NASDAQ: TSLA) highly anticipated Battery Day, where the company will reveal its developments in battery technology and hold its annual shareholder meeting, is just four days away. After already announcing many new developments, Elon Musk recently tweeted the day will be “very insane“. Although superlatives are often used by Tesla’s somewhat eccentric CEO, Tesla’s mind-blowing performance throughout 2020 does suggest that the company could deliver something revolutionary.
High energy density and million-mile batteries will accelerate the adoption of EVs and therefore accelerate our path to a net-zero transportation emissions future. Although drivers will never need anything close to a million miles, a battery with 4,000 cycles before seriously degrading will put worries about dead batteries to rest. The real value is its underlying durability, which enables tangible benefits like fast charging, longer range, smaller sizes, and lower costs. However, the million-mile lifespan will be important to buses, taxis, fleet vehicles, and renewable energy storage where daily depletion of the battery and low cost of ownership, necessitate it.
Environmental sustainability
AMZN) $2 billion Climate Pledge fund created in June. Its aim is to back companies with technology contributing to carbon reduction efforts. JB Straubel left Tesla in July last year, which was quite a surprise for investors as even Musk admitted there would be no Tesla without him. Out of the five original founders, only Musk still has an active role. Now, Redwood will help Amazon recycle electronic components, electric vehicle, and lithium-ion batteries. What will Tesla have to say about the elimination of e-waste?
Competition is heating up
NKLA) and General Motors (NYSE: GM)). Whatever Tesla comes out with on Battery Day could help the electric pioneer reduce the risk of this competitive threat in the eyes of its investors.
September 22 could go down in history
If Tesla shows great improvement in clearing the blocks to mass EV adoption, it will be a massive step towards a carbon neutral future. Analysts are using phrases like “major milestones” and “mind-blowing” to describe the event for a reason, as its developments could be monumental to the future of EVs.
disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: [email protected] Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: [email protected]” data-reactid=”25″>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: [email protected] Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: [email protected]
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