Elon Musk is out with some intriguing information right in front of Tesla’s (NASDAQ:TSLA) Battery Day event tomorrow.
“Important note about Tesla Battery Day unveil tomorrow. This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022,” tweets Musk.
“However, even with our cell suppliers going at maximum speed, we still foresee significant shortages in 2022 & beyond unless we also take action ourselves,” he adds.
The implication is that strong EV demand is anticipated for the next few years.
Shares of Tesla are down 5.71% in AH trading to $423.46. Panasonic is up 0.75% in early Tokyo trading.
Read the Tesla Battery Day preview in Seeking Alpha’s latest article in the Stocks to Watch series.