Tesla Teases Big News On ‘Battery Day’

Tesla chief Elon Musk has promised “insane” battery news at a streamed event after the company’s annual shareholders’ meeting on Tuesday.

Speculation includes that Tesla will announce it has come up with ways to pack more energy into battery cells, slash production cost and dramatically extend battery life.

Musk, however, seemed to tap the brakes a bit on expectations in a tweet Monday, saying announcements will affect long-term production, particularly of Tesla’s Semi, Cybertruck and Roadster models.

Innovations will not reach “serious high-volume production” until the year 2022, according to Musk.

In response to a Teslerati.com story shared on Twitter contending that the battery announcement might be “more insane than expected,” Musk fired off a comment saying, “It will be very insane.”

In a tweet earlier this month, Musk promised “many exciting things will be unveiled on Battery Day.” He finished the message with a lightning bolt emoji.

Tesla CEO Elon Musk (pictured September 3, 2020) said he would announce "insane" battery news that will affect long-term production, particularly of Tesla's Semi, Cybertruck and Roadster models Tesla CEO

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New Research Shows Big Jump In Sophisticated Online Shoppers

The pandemic caused drastic travel restrictions and non-essential business closures, driving seismic shifts in how and where consumers spend their money. Consumers had no choice but to turn to the digital channel as brick-and-mortar stores and restaurants closed during the height of outbreaks. These shifts brought several consumers online for the first time and caused existing e-commerce users to increase their online shopping frequency.

In order to understand the degree to which connected consumers have shifted toward the digital channel during the COVID-19 pandemic, Euromonitor International analyzed results from two global consumer surveys* with a fielding difference of nine weeks between early January to late March.

Nearly every category highlighted in the chart below recorded a double-digit increase in the percentage of connected consumers making digital purchases between the two fielding timeframes.

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