Photo credit: Tesla

After recently indefinitely delaying its annual shareholder meeting as well as its proposed “Battery Day” event, Tesla has announced that they’ll both hold on the 22nd of September, 2020. Both events will take place at Tesla’s factory in Fremont, California. Currently, Tesla is thin on details about the “Battery Day” event but says it’ll release more information over time. Tesla is expected to unveil a number of advancements in battery technology that’ll serve as a competitive advantage against other electric car makers at the event.

Last month, Tesla CEO Elon Musk said that the company will offer “Battery Day” attendees a tour of its “cell production system”, a supposed reference to a secret battery production project that Tesla has been working on. The “Battery Day” event will be open to select Tesla stockholders.

Tesla, as of late, has been on a tear and just recently surpassed Toyota to become the world’s most valuable carmaker. The electric car market, in general, has seemingly followed Tesla’s route, evidenced by increased excitement from investors. In this week alone, three private electric carmakers have raised sizeable amounts of funding; $100 million by Karma Automotive, $50 million by Fisker, and a whopping $2.5 billion by Rivian.

Currently (as of writing), Tesla trades at a market capitalization nearing $300 billion.