What Does Elon Musk's New Tesla Battery Technology Mean for the Future?
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Elon Musk posted this announcement on Twitter. After the general meeting. Elon Musk held the Tesla Battery day event. During this live streaming event, Musk announced big plans. The company will begin manufacturing new battery technologies that he claims won't just change the future of Tesla cars but sustainable energy in general.
These goals of improving energy efficiency through better battery technology are likely to weigh heavily on the industry. Musk also sets a tight deadline by which this new technology will begin production in the next year or two. The future of the battery is coming and Tesla wants to be at the forefront of this race to fully electrify global transportation.
Not just cars
This new battery technology is being introduced and, in theory, will become an integral part of the grid we are currently interacting with in terms of energy consumption. By moving to a battery that uses more efficient technology to power the electronics, Elon Musk plans that the new Tesla battery technology will effectively take over the grid. Of course, he expects stocks to continue their uptrend as Tesla electric semi-fleets, solar roof technology, and a massive push to create more sustainable energy are needed more than ever.
The naysayers speak, however. Below is a clip where analyst Pierre Ferragu points out that the timeframe for these goals may be a bit ambitious. Nevertheless, we continue to watch how Tesla is successful. Questions remain. For example, how will Elon Musk's prediction play out for many successful years?
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