The advanced car battery technology Tesla is expected to unveil this week won’t be widely available for another two years, CEO Elon Musk says.
The Silicon Valley automaker is set to reveal its latest innovations at Tuesday’s “Battery Day” event, but Musk said they “will not reach serious high-volume production until 2022.”
“The extreme difficulty of scaling production of new technology is not well understood,” the billionaire tech tycoon tweeted Monday. “It’s 1000% to 10,000% harder than making a few prototypes. The machine that makes the machine is vastly harder than the machine itself.”
Musk said Tuesday’s announcements would affect long-term production for Tesla’s Cybertruck and Roadster models as well as the electric semi truck the company unveiled nearly three years ago.
The highly anticipated event is expected to include details of Tesla’s plans to produce its own battery cells along with the possible rollout of a “million mile” battery that can go roughly twice as far as the company’s current technology.
But Musk indicated Tesla plans to buy more battery cells from partner companies including Panasonic, LG and CATL while it beefs up its own technology. Even with those increased purchases, Tesla expects “significant” battery shortages in 2022 and beyond “unless we also take action ourselves,” he tweeted.
Tesla shares tumbled 5.1 percent in premarket trading to $426.45 as of 7:57 a.m. ahead of Tuesday’s event, which Musk has said will be “very insane.”
With Post wires
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