News
Elon Musk’s updates to Tesla Battery Day show we have no idea what will happen
Tesla’s Battery Day is less than a month away, and there is no shortage of speculation for what might be unveiled at the event. Numerous attempts to uncover subliminal messages within Tesla’s announcements and other related topics of discussion have been shot down by CEO Elon Musk, relatively confirming the fact that, as a community, we have no idea what will go down on September 22nd.
Battery Day is arguably Tesla’s most anticipated event because of the significance it holds for the company’s future development. Not only could Tesla revolutionize the way electric cars operate, but it could reveal the company’s plans to reach price parity with gas vehicles. What goes down on September 22nd is going to be huge, and the EV community as a whole will be watching.
Initially, several members of the EV community had uncovered the fact that Amprius Technologies Headquarters is located right across the street from Tesla’s Kato Road Facility in Fremont, California. In fact, CleanTechnica had even revealed that there could be a link between Tesla and Amprius in an article from August 26th.
There was plenty of evidence that Tesla could be using Amprius Technologies silicon nanowire tech for its new cell developments.
However, Musk immediately shot down any speculation of the two companies being linked.
But actually nothing. Was surprised to hear they’re across the road. Adding silicon to carbon anode makes sense. We already do. Question is just what ratio of silicon to carbon & what shape? Silicon expands like crazy during discharge & comes apart, so cycle life is usually bad.
— Elon Musk (@elonmusk) August 27, 2020
To add fuel to the fire, Tesla also released a cryptic background for its Battery Day and Shareholder Meeting Livestream page, which left many people interested in what the design could mean.
For example, Electrek indicated that doing a simple reverse lookup of the image on Google revealed that it also had a similar design to silicon nanowires, which also would relate Tesla to Amprius once again.
While the EV community has been baffled by what the design is for the Battery Day and Shareholder, Musk finally provided an update on the image.
“We were too obtuse for our own good, although I think it works aesthetically,” Musk said in a Tweet that was in response to an inquiry from @WholeMarsBlog. “Those are folded-over current collectors at the top/bottom of the cell, which are important, but I don’t want to jump the gun on Sept 22,” he added.
Current collectors are crucial for enhancing the electrochemical performance of a lithium-ion battery cell. Usually made of aluminum or copper foils, the collectors are attached to binders that do not reach optimal capacity. However, a paper from Yuan Yue and Hong Liang states that when these collectors are damaged from discharge induced detachment of the cast layer, structural integrity compromisation occurs. This damage is usually the product of extended cycles of charging and can be detrimental to the lifespan of a cell.
Whether that has anything to do with what Tesla will unveil at its Battery Day event is unknown. However, speculating of what could occur is a good thing, because it allows members of the community to work together to try and decipher what could happen.
In the meantime, all attempts to unravel Tesla’s plan have been foiled by Musk, indicating that nobody really has any idea what the company has in store for the future of electric vehicles and energy storage systems.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
