Citation :
Elon Musk tweets battery day announcement Tuesday won’t reach high-volume production until 2022. Shares of Tesla fell in after-hours trading Monday after CEO Elon Musk tweeted that the company plans to boost battery cell purchases from suppliers and foresees “significant shortages in 2022 & beyond unless we also take action ourselves.” Jim Cramer said investors are expecting big things from the “Battery Day” announcements. “The bar’s gotten very high,” Cramer said in an interview on Street Lightning. “If he does not show something that indicates he’s got a battery that is game-changing, then we’re going to suffer from the same overhang that we had when Tesla was supposed to be added to the S&P 500.”
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