Tesla (TSLA) Set to Unveil “Master Plan 3” at Upcoming Investor Day
By Tesla (NASDAQ:TSLA) is set to host an eagerly anticipated Investor Day on March 1st, with CEO Elon Musk teasing the release of “Master Plan 3” details.[0] Tesla stock saw its first weekly decline after a sharp six-week increase, following its usual pattern leading up to the event.[1]
Tesla’s (NASDAQ:TSLA) “Investor Day” will take place next Wednesday, March 1st.[2] Shares of Tesla are down 3.9% to $194.20 on Friday versus a 52-week trading range of $101.81 to $384.29.[3] The stock price of Tesla has increased more than 80% since the start of 2023[4]
At their Tesla Investor Day preview, Morgan Stanley analysts noted that they anticipate Tesla will display a range of technologies that could support the widespread utilization of electric cars.[5] The electric vehicle manufacturer must create attractive electric vehicles at more affordable prices.[6]
Musk emphasized the aim of producing electric vehicles on a large scale and reducing the cost of them, which Jonas noted.[5] Tesla's CEO mentioned a goal price of $25,000.[6]
It is thought that, for this to be attainable, Tesla must successfully reduce the average cost of their products and, optimally, cut expenses to retain their leading margins in the industry.
The analysts further noted that if Tesla could prove its capability to produce a much cheaper version of its next platform, it would significantly bolster its competitive advantage, fortifying its product's protection, and allowing for multi-million unit deliveries by the end of the decade.
Emmanuel Rosner of Deutsche Bank has raised his price target for Tesla shares (NASDAQ: TSLA) from $220 to $250, citing details from their Investor Day event, particularly the reveal of their third Master Plan.[7]
On Friday, Colin Langan of Wells Fargo said that anticipation is rising for Tesla's investor day on March 1, particularly for the unveiling of a more affordable electric vehicle.[8] He noted, however, that producing a more cost-effective vehicle while still maintaining the automaker's usual profit margins could be a major obstacle.[9]
Adam Jonas, an analyst from Morgan Stanley, viewed the event as crucial for underlining the story of Tesla and furthering or maintaining the surge in stock prices in 2023.[6]
0. “Tesla's Investor Day – What's In Store For Investors? (NASDAQ:TSLA)” Seeking Alpha, 24 Feb. 2023, https://seekingalpha.com/article/4581891-teslas-investor-day-whats-in-store-for-investors
1. “What Will Tesla's Investor Day Do To EV Giant's 98% Run?” Investor's Business Daily, 24 Feb. 2023, https://www.investors.com/news/tesla-stock-what-will-teslas-investor-day-do-to-ev-giants-98-run/
2. “Tesla Has More “Buys” On Wall Street Than Ever” CleanTechnica, 23 Feb. 2023, https://cleantechnica.com/2023/02/23/tesla-has-more-buys-on-wall-street-than-ever
3. “Tesla Inc. stock falls Friday, underperforms market” MarketWatch, 24 Feb. 2023, https://www.marketwatch.com/data-news/tesla-inc-stock-falls-friday-underperforms-market-4cb05ae6-8fab15654ce2
4. “Tesla Investor Day Has Greater Significance For EV Rivals Than Tesla Itself: Why This Analyst Says It's Important By …” Investing.com UK, 24 Feb. 2023, https://uk.investing.com/news/stock-market-news/tesla-investor-day-has-greater-significance-for-ev-rivals-than-tesla-itself-why-this-analyst-says-its-important-2928033
5. “Morgan Stanley sees Tesla unveiling technologies critical for EV mass adoption By Investing.com” Investing.com, 23 Feb. 2023, https://www.investing.com/news/stock-market-news/morgan-stanley-sees-tesla-unveiling-technologies-critical-for-ev-mass-adoption-432SI-3012731
6. “Tesla Investor Day Has Greater Significance For EV Rivals Than Tesla Itself: Why This Analyst Says It's I” Benzinga, 24 Feb. 2023, https://www.benzinga.com/news/23/02/31049253/tesla-investor-day-has-greater-significance-for-ev-competitors-than-tesla-itself-why-an-analyst-call
7. “Wells Fargo & Company Increases Tesla (NASDAQ:TSLA) Price Target to $190.00” MarketBeat, 25 Feb. 2023, https://www.marketbeat.com/instant-alerts/nasdaq-tsla-a-buy-or-sell-right-now-2023-02-24/
8. “Tesla PT raised at Wells Fargo with Investor Day expectations high By Investing.com” Investing.com Canada, 24 Feb. 2023, https://ca.investing.com/news/stock-market-news/tesla-pt-raised-at-wells-fargo-with-investor-day-expectations-high-432SI-2913835
9. “Wells Fargo sizes up Tesla's aim to manufacture lower cost vehicles (NASDAQ:TSLA)” Seeking Alpha, 24 Feb. 2023, https://seekingalpha.com/news/3940687-wells-fargo-sizes-up-teslas-aim-to-manufacture-lower-cost-vehicles
