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Tesla slumps as battery day timescales disappoint

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After being hyped up by CEO Elon Musk in the run up to it, Teslas battery day disappointed investors, as the new innovations unveiled remain years away. The firms share price closed the day 5.6 down, then slumped further in afterhours trading, after Musk clarified that some of the technologies showcased are close to working and require a a ton of work from here to there. Key announcements from the day include a hopeful timeline on full selfdriving software versus Musks promise last year to have one million autonomous taxis on the road by the end of 2020, Teslas plan to handle more of its own battery production, cheaper battery cells, and new production technologies. Musk also revealed that the firm has more than 600,000 reservations for its Cybertruck, and that he anticipates battery advances will allow Tesla to produce a 25,000 vehicle in around three years.