UPDATE 3-After much hype from Elon Musk, Tesla's 'Battery Day' kicks off [Reuters]
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Source: Reuters
Elon Musk tempers expectations for Tesla 'Battery Day,' stock dips By Tina Bellon 5 Min Read (Reuters) - Tesla Inc TSLA.O CEO Elon Musk on Tuesday is scheduled to showcase the company's advanced battery technology, with investors expecting he will outline how the company's electric vehicles will surpass the cost and convenience of internal combustion engines. But stockholders began selling the electric carmaker’s shares after Musk late on Monday tempered expectations by saying that the battery improvements to be unveiled at the event would not reach “serious high-volume production” until 2022. Shares dropped 5.9% on Tuesday to $422.94 in afternoon trade. Investors also began filing questions on Tesla's website ahead of the event. Popular topics included whether Tesla planned to supply batteries to other companies, when electric vehicles will be less expensive than gasoline vehicles and whether Tesla's future batteries will be strong enough to power flying cars, a topic also be
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- Billionaire investor Ron Baron says Tesla stock has bottomed out and will 'go up huge' on the promise of more affordable vehicles [Yahoo! Finance]Yahoo! Finance
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- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website