Tesla's Plans for Manufacturing Long-Range Batteries Under Scrutiny After Cancellations

 Tesla's Plans for Manufacturing Long-Range Batteries Under Scrutiny After Cancellations

Elon Musk had announced an ambitious plan to produce its own battery cells with a new design and manufacturing process last year.

Tesla Model X electric cars recharge their batteries in Berlin, Germany

HIGHLIGHTS

• Musk last month pushed back the debut of 4680s
• Tesla will initially use batteries made at Tesla's pilot production line
• Tesla is also closely working with Panasonic

Tesla has weathered the pandemic and supply chain crisis better than many of its rivals, achieving record deliveries last quarter. But Chief Executive Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late.

Those questions, demand in China and the financial effect of a Bitcoin sell-off will be high on investors' minds when the electric vehicle company publishes results Monday. Bitcoin price in India stood at Rs. 28.6 lakhs as of 05:30pm IST on July 26.

Last September, Musk announced an ambitious plan to produce its own battery cells with a new design and manufacturing process.