EnergyWatch

Tesla stock slides ahead of tech unveil

The electric carmarker's CEO downplayed the production timetable up to the company's Battery Day on Tuesday.

Photo: EVGENIA NOVOZHENINA/REUTERS / X90209

Tesla equity dips 5 percent in US aftermarket trading following Chief Executive Elon Musk's tweet that not all technology revealed on Tuesday's Battery Day event would necessarily be ready for high-volume serial production before 2022, writes Bloomberg News.

Musk also highlights that the company is considering to increase its battery purchases from, for instance, Panasonic, LG and CATL.

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