Tesla Inc. (NASDAQ:TSLA) has set a tentative date of September 15 for its shareholder meeting and the company’s long awaited “battery day.”
Tesla’s annual shareholder meeting was scheduled for July 7, but Chief Executive Officer Elon Musk said in a Tweet that the electric carmaker would have to delay the meeting as large gatherings are not currently permitted. The shareholder meeting has now been rescheduled for September 15.
The company’s long anticipated "Battery Day," which will coincide with the shareholder meeting, is when Tesla is expected to reveal details about its future million-mile battery. Last week, the U.S. Environmental Protection Agency (EPA) said that Tesla’s Model S is the first electric vehicle that has a 400-mile battery range.
The EPA tested the 2020 Model S and updated its range to 402 miles per battery charge.
The new rating is a 20% increase when compared to the 2019 Tesla Model S 100D. Over the last year, Tesla has revised several facets of the Model S to maximize its efficiency and increase its battery range.
Separately, Tesla announced that it is acquiring a 2,100-acre piece of land outside Austin, Texas at a cost of $5 million. The company plans to build a new factory in Austin to manufacture its Cybertruck. The land in Texas is currently occupied by a sand and gravel mining site.
