On Tuesday (23 September) morning 4.30 am, Tesla Inc. (NASDAQ: TSLA) held its 2020 annual meeting of stockholders and its much-anticipated Tesla Battery Day event. Source: Tesla | YouTube And no, I’m not showing you a photo of a random parking lot. This is an actual scene from the socially-distanced outdoor event, where about 240 shareholders attended in Tesla cars. At the event, CEO Elon Musk announced some battery technology innovations, increased efficiencies, a new Plaid powertrain for the Model S as well plans to produce a US$25,000 car. Here are five key takeaways from Tesla’s 2020 battery day.

1. Tesla’s Battery Day Did Not Live up to Investors’ Short-Term Expectations

The hype for Tesla’s battery day was unreal as Musk promised groundbreaking technological advances, and stated that the event will be “one of the most exciting days in Tesla’s history.” Investors were eagerly awaiting Battery Day as they hoped Tesla...