The first signs point to this Tesla, Inc. TSLA Stocks could open Tuesday’s session on a lower note after an excellent run this year.
On dream run: After falling sharply to a low of $104.64 earlier in the year amid the company’s lack of shipments in the fourth quarter, shares of the Elon Musk-run businesses have gone around the corner.
Tesla heads the week with two-week earnings as the company’s announced price cuts and the company’s strong quarterly results release, coupled with positive management commentary, sparked a strong rally.
Inventory at the crossroads: Ignoring the macroeconomic impact on its trajectory, the odds are for the rally to continue this week. A lot of expectations were raised around the company’s first-ever Investor Day, scheduled for March 1st.
See also: Everything you need to know about Tesla stock
Submission of his wish list for the event, Gary Black of Future Funds said he would like the company to make an announcement regarding the third-generation platform and a 50 percent cost reduction through vertical integration.
Other points he would like to hear about include:
- Energy/Megapacks scaling
- FSD, Hardware 4 and Robotaxi
- Cybertruck update and EV product roadmap
- EV prices
- Supercharger Network
- Tesla brand value
- Expansion of the Gigafactory
- capital strategy
- AI/Optimus/Robots
Tesla could also react to this in Tuesday’s session Company interest reports Sigma Lithium Corp. SGML and a confirmed offtake agreement with Australian company Magnis Energy to procure 17,500 tonnes per year of active anode battery material. There was also negative headlines for a fatal accident involving a Tesla vehicle on a California freeway early Saturday.
Even in the event of a pullback, if the stock can hold support around $190, a sharp pullback could be averted.
Price promotion: Tesla shares fell 0.83% to $206.58 in premarket trading on Tuesday Benzinga Pro data.
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