Get All Access for $5/mo

Elon Musk Schedules Tesla 'Battery Day' for Sept. 15 Tesla's next big range increase looks set to come from battery technology, and Elon Musk plans to reveal all on Sept. 15.

By Matthew Humphries Edited by Jessica Thomas

This story originally appeared on PC Mag

via PC Mag

Last week, Tesla announced it had managed to increase the range of the Model S to 402 miles thanks to a range of vehicle improvements. However, the next big range increase looks set to come from battery technology, and Elon Musk plans to reveal all on Sept. 15.

As Reuters reports, the so-called "Battery Day" was originally planned for May, followed by a shareholder meeting on July 7. However, the coronavirus pandemic has meant both events were postponed and rescheduled (tentatively) for Sept. 15. Musk describes Battery Day as, "one of the most of exciting days in Tesla's history," but has said little about what will be revealed beyond confirming in a tweet that it will include a tour of the company's cell production system.

Earlier this month, Chinese battery manufacturer Contemporary Amperex Technology Co. Ltd. (CATL) revealed that it had developed a battery with a lifespan of 16 years and capable of powering a vehicle for 1.24 million miles. The cost of production is only 10 percent higher than the batteries being used in electric vehicles today. The one missing piece of the million-mile battery? Someone to place an order.

Seeing as Tesla is working with CATL, it seems likely that Musk is preparing to reveal some variant of this million-mile battery that will be used exclusively in Tesla's vehicles. Combine new battery tech with ongoing efficiency gains in the design of vehicle components, and we may hear a surprisingly high range being announced by Musk come September.

Matthew Humphries

Senior Editor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Business News

You Can Now Apply to Renew Your U.S. Passport Online — But There's a Catch

The U.S. State Department officially launched the beta program this week.