Investor's Corner
Tesla Shareholder meeting and Battery Day may converge, Elon Musk updates on timing
Tesla CEO Elon Musk has announced that the date for the upcoming Shareholder Meeting will be postponed from July 7, with a new date to be likely announced after the week of July 4th. Musk also hinted at a joint meeting that would combine the highly-anticipated Battery Day event with the Tesla Shareholder Meeting.
When asked about a possible appearance by the Tesla Cybertruck at the upcoming meeting, Musk confirmed. “Yes, but we will have to postpone annual shareholder meeting, as still no large gatherings allowed by July 7th. Not sure of new date, but am guessing maybe a month or so later.”
Currently, large gatherings are still forbidden in California due to the COVID-19 pandemic. With the original date of July 7 for the Tesla Shareholder meeting right around the corner, it will inevitably need to push back to conform to safety regulations. Plans for Tesla’s Battery Day event, which was initially scheduled for mid-May and to take place from its solar factory in New York, will also be updated.
Musk hinted at the idea of combining both the Shareholder Meeting and Battery Day into one event, stating that it might be advantageous considering the two company gatherings “are converging in time.” Musk said he was hopeful a date could be announced after the July 4th week.
Probably good to combine them, since they are converging in time. I’m hopeful we can announce a date after the July 4th week.
— Elon Musk (@elonmusk) June 20, 2020
Battery Day is the company’s opportunity to reveal significant battery cell advancements being made for its fleet of electric vehicles and energy storage solutions. Similar to the company’s Autonomy Day last year, which highlighted Tesla’s approach to its Autopilot and Full Self-Driving initiatives, Battery Day was an opportunity to show the world what the company is doing behind the scenes to improve its battery technology and bring price parity of electric cars to combustion vehicles.
The event is planned to be held at Tesla’s Giga New York Facility. However, if Battery Day and the Shareholder Meeting are combined, it is likely to take place in Fremont, Musk said.
Probably Fremont
— Elon Musk (@elonmusk) June 20, 2020
During the Q1 2020 Earnings Call, Musk stated that he wanted to save the exciting news for the Battery Day event, and not preempt the developments that the company has made in its tech.
Tesla’s Battery Day is rumored to reveal the culmination of advancements in the company’s cell chemistry, including an update on its widely-popular “Million Mile Battery.” Tesla also is beginning to hint toward significant strides in price parity with gas-powered cars after Musk stated that the Semi would enter “volume production” soon.
Musk stated that Battery Day would be “one of the most exciting days in Tesla’s history, and we’re just trying to figure out the right timing.” Tesla enthusiasts everywhere are anxious to know what the company has up its sleeve for the Battery Day event, but it must be held at a time where guest safety is a primary concern.
Elon Musk
SpaceX Starship Flight 13 aborted at Zero and Musk just told us what broke
Four Raptor engines failed to ignite at T-zero, forcing SpaceX to scrub Starship Flight 13 Thursday.
SpaceX scrubbed the Starship Flight 13 launch attempt Thursday evening at the last possible moment, after four of the Super Heavy booster’s 33 Raptor 3 engines failed to ignite during the startup sequence. The 90-minute window had opened at 6:45 p.m. EDT from Starbase in Boca Chica, Texas, and the countdown had proceeded without issue all day, with more than 11.5 million pounds of liquid methane and liquid oxygen being fully loaded into the rocket before the automated abort triggered. SpaceX’s launch directors posted on X, “Standing down from today’s flight test attempt,” and shut down the livestream shortly after.
Musk confirmed the root cause within hours. “Some of the engines didn’t start, triggering an automatic launch abort,” he wrote on X. “To be confident of a good flight, 2 Raptors will be removed and replaced. Most probable launch timing is early next week.” SpaceX engineers began draining propellant tanks immediately and Booster 20 was rolled back to its hangar for inspection.
The timing adds a layer of significance that did not exist during any of the previous 12 Starship flights. This is the first time SpaceX has attempted to launch Starship since the company made its stock market debut in June, listing under ticker SPCX at $135 per share. Public investors are now watching every Starship outcome in real time, and a last-second abort carries more visibility than it would have six months ago.
Flight 13 was designed to be one of the most consequential tests in the program’s history. It was set to carry 20 Starlink V3 satellites, the first operational payload Starship has ever attempted to deploy. Six of those satellites carried external cameras to photograph Starship’s heat shield from the outside during flight, which would act as a self-inspection approach SpaceX has never attempted before. The mission also needed to complete a Raptor engine relight in space, a step SpaceX skipped on Flight 12 in May after losing an engine during ascent. That Flight 12 booster also flipped 90 degrees off course during its boostback burn when five engines failed to reignite.
SpaceX has not announced an official next launch date. Musk’s “early next week” window points to July 21 or 22 at the earliest, pending the engine swap and a return to the pad.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
Tesla enters two new markets on two different continents in one week
SpaceX announces new Starship 13 test flight target date
