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Tesla’s stock nosedived 6% as Battery Day innovations remain far off in future

Tesla’s stock nosedived 6% as Battery Day innovations remain far off in future

Tesla stock’s nosedived 6% as CEO Elon Musk said that some of the innovations showcased at the Battery Day Event were close to working while some were three years away from fruition. Musk said that Tesla has set up a pilot battery plant in Fremont, Calif., to sort the challenges, but a lot of work still needs to be done to achieve the goal which disappointed the markets.

Milan
Milan
Top in Business