Elon Musk sees no immediate boost from 'Battery Day' tech unveil

Topics Elon Musk | Tesla

By Akanksha Rana and Hyunjoo Jin (Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Monday improvements to be unveiled at the electric-car maker's "Battery Day" event would not reach "serious high-volume production" until 2022, knocking its shares lower.

Many analysts and industry officials expected Musk to unveil battery improvements at the widely-anticipated event, extending the automaker's lead over General Motors , Volkswagen and other rivals. In a tweet ahead of the event scheduled.....

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