“We’ve got to scale battery production to crazy levels that people cannot even fathom today.”
That’s what Elon Musk told analysts back in January. For at least 15 months now, Tesla’s CEO has been teasing his massive fan club with promises to “blow your mind” on a self-styled event he’s calling “Battery Day.” Other companies — most notably, QuantumScape — in recent weeks have tried to steal Musk’s thunder. But now, after numerous postponements, Tesla’s live webcast event is finally here, starting today at 1:30 p.m. Pacific Time time.
In tweets yesterday, Musk seemed to confirm that, among other things, he’ll announce the manufacture of Tesla’s own battery cells in large numbers by 2022, which would allow a major scale-up of the Cybertruck pickup and the Semi. We are sticking with our own forecast that Musk will announce cost parity with combustion vehicles, mainly because that fits his “blow your mind” promise.