What’s the Big Deal About the Tesla Battery Day Event?

Tomorrow, September 22, 2020, is Tesla’s Annual Meeting of Stockholders. It will stream live on the Tesla website. Immediately following this awaited meeting, the Tesla Battery Day event streams live as well. The stockholders’ meeting will commence at 1:30 PM Pacific Time. The following Battery Day event is getting a lot of hype, but what is it exactly? What’s the big deal?

Elon Musk giving a talk at the new Tesla HQ in China
Elon Musk, Chairman, CEO and Product Architect of Tesla Motors, addresses a press conference | Visual China Group via Getty Images/Visual China Group via Getty Images

Elon Musk on Twitter

10 days ago, Elon Musk took to his presumably favored public platform, Twitter. We wrote a brief and intriguing messaged and tweeted it for all to see. As we approach Battery Day, people are looking forward to this event. What will be revealed? Hopefully, the info bestowed upon the public at this new Battery Day event will prove worth all the excitement.

Elon Musk | Twitter

What is Battery Day?

Bridie Schmidt, with The Driven, writes that the Tesla Battery Day event will “unveil Tesla’s improvements in battery technology.” However, some of this information leaked with images of a new battery prototype that Tesla allegedly manufactures on its own. Apparently, Elon Musk said that Battery Day “could be the most important day in Tesla’s history.”

Battery technology is expected to increase so exponentially that “million-mile ranges” are in the future, says battery expert Dan Blondal. Bondal, CEO at Canada’s Nano One, heads a company that produces li-ion cathode materials. There is much ahead of us in the industry. Tomorrow should give us welcome insight.

“Blondal lists million-mile batteries, as well as in-house manufacturing and the integration of technologies from companies it has acquired such as Maxwell and Hibar amongst the revelations that can be expected on Battery Day.”

Bridie Schmidt | The Driven

The Tesla Battery event will unveil new innovations and plans for the future of the electric vehicle battery. In fact, the news will affect battery technology, in general. However, until the announcement tomorrow the exact details are a guessing game.

the electric Tesla Model 3 driving on the highway
Tesla Model 3 | Tesla

‘Feeding the electrical grid’

According to Steve LeVine from Marker, there are many who predict this information will go beyond just Elon Musk on Twitter riling people up. The Tesla Battery event will help analysts project the growing EV market. In addition, some “forecast that he intends to create a business feeding the electrical grid. However, at this stage of the game our musings likely come close to reality but Elon Musk typically has somthing up his sleeve.

If past history indicates future performance, it’s likely that we will learn something unexpected. Additionally, due to the fact that the Tesla Battery Day event will stream immediately after the stockholder’s meeting, it likely has an impact large enough to affect the market. This wouldn’t by any means shock the public, given Tesla’s financial history.

A logo of Tesla is seen outside its showroom
Tesla | Yuriko Nakao/Getty Images

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How to watch the Tesla Battery Day event

The link in the first paragraph, like this one, takes you to Tesla’s website. On that page, you’ll find a streaming video that begins on September 22, 2020, at 1:30 PM Pacific Time. Following the Annual Meeting of Stockholders, Tesla’s Battery Day event will go live. We expect to hear some stirring announcements that could change the trajectory of a growing EV market. In fact, due to the nature of some of the speculation that been going around, there’s a chance that tomorrow’s Tesla news could profoundly impact the auto industry.