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Tesla “Battery Day” event date is looking like April 2020, says Elon Musk
Tesla CEO Elon Musk said the company is preparing to host a Battery Day for shareholders sometime after the first quarter, possibly in April. The announcement came during the earnings call following Tesla’s release of its Q4 2019 Update Letter.
Responding to a question from a participating investor about where Tesla stands in growing its battery capacity, Musk said that the company has already demonstrated massive improvement in growing the capacity of the cells, modules, and batteries it uses for its all-electric vehicles.
The CEO attributed part of the improvements to Tesla’s relationships with various battery partners, such as Panasonic, which is Tesla’s in-house supplier of lithium-ion batteries at Giga Nevada. Tesla also teamed up with other partners such as LG and CATL to produce battery packs for its cars produced in China. Aside from that, Musk declined to provide additional details on future plans for improving its battery technology, leaving investors to look forward to the upcoming Battery Day event later this year.
“We have a lot more to talk about this in detail in Battery Day probably April. We have a very compelling strategy. I mean, we are super deep in cell. Super deep. Cell through battery,” he said.
Tesla’s efforts to upgrade its batteries include the acquisition of California-based energy storage firm Maxwell Technologies, which was completed in May last year. Tesla’s interest in Maxwell primarily lies in the latter’s innovations in ultracapacitors and dry electrode technologies, which could potentially improve the company’s batteries.
Prior to the acquisition, Tesla also submitted a patent for an idea to use electrolyte additives to improve the performance and lengthen the lifespan of lithium-ion cells. The patent, titled “Dioxazolones and Nitrile Sulfites as Electrolyte Additives for Lithium-ion Batteries,” provided details on how Tesla can significantly increase the lifespan and performance of its batteries by adding electrolyte additives such as lithium salt. Tesla also submitted another patent for using cold plates and heat pipes to reduce heat generated by the battery, thereby increasing the longevity of its energy storage systems.
The latest developments appear to be moving Tesla toward the completion of a 1-million mile battery. In April last year, Musk said that Tesla owners will soon be able to drive their cars for up to 1 million miles over the lifespan of their vehicles. This is equivalent to 20 years if the cells are used for energy storage systems. Tesla lead researcher Jeff Dahn and a team from the Dalhousie University physics and atmospheric science department have also developed pouch cells that can last 1 million miles or 20 years in a grid storage system.
Tesla’s huge lead in the electric vehicle market is due in part to its constant efforts to improve its battery technology. In fact, its batteries have improved so much over the years that the Model S is nearing a range of 400 miles. The published range for the luxury sedan is 373 miles, but Musk said during the earnings call that the actual range is somewhere in the 380s.
“S and X actually have more range than we are currently stating on the website. We just haven’t gotten around to updating the EPA […] number, but the actual range of the Model S and X are above what the website says they are,” he said. “Somewhere in the 380s, something like that.”
He also added that the 18650 lithium-ion cells that power the Model S and X have largely improved over the years, adding that further developments could raise the range of the Model S to 400 miles.
“I think we’re pretty happy with the energy content of the cell and the improvements in the efficiency of the vehicle,” he said. “We’re rapidly approaching a 400-mile range for the Model S, for example.”
Battery Day is expected to be similar to Autonomy Day, which was held in April last year. The event, which was attended by investors and also available via livestream, was a full three-hour technical discussion of Tesla’s work on autonomous driving technology and how the company plans to achieve its goal of delivering fully self-driving cars.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
