INN on Tesla’s Battery Day

Battery metals investors have been watching Tesla (NASDAQ:TSLA) since the beginning of this year, when CEO Elon Musk promised to hold a dedicated battery event.

Although it was originally scheduled for April, coronavirus restrictions pushed the long-awaited presentation to September.

Since its beginnings in 2003, the electric vehicle (EV) maker has been aiming to lead the transition to sustainable energy, with batteries being a key component of its strategy.

Even before Tesla broke ground on its first gigafactory in Nevada in 2014, the announcements made by the US-based company were catalysts for the entire EV supply chain, spurring expectations about demand for raw materials like lithium, cobalt and nickel.

During Battery Day, Musk said his company is hoping to offer an affordable US$25,000 EV in the next three years, and he promised all kinds of battery improvements geared at reducing costs per KWh, increasing range and lowering investment per GWh.

To put Tesla’s Battery Day into context, the Investing News Network reached out to analysts, experts and market watchers before and after the event to find out their expectations for the battery metals space.

Click through the articles listed to learn more about what Tesla’s announcements could mean for EV raw materials, including lithium, nickel and cobalt.

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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.