Tesla Dips After Musk Tempers Battery Day Expectations

(Bloomberg) — Elon Musk tempered expectations for Tesla Inc.’s long-awaited battery day by cautioning that the company will unveil something that won’t be widely produced for two years.Tesla shares fell as much as 5.4% before the start of regular trading, paring massive gains over the last several months that were fueled in part by anticipation of the event. Musk said the information he’ll announce Tuesday will affect production of Tesla’s Semi, Cybertruck and Roadster models, all of which have been unveiled but are still in development.In another tweet early Tuesday, Musk warned of the “extreme difficulty” of scaling up production …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.