Tesla share hit a bear market low of USD$101.84 on 6 Jan 2023. It has since then roared upwards about 93% this month.
Tesla investors are now awaiting Elon musk's "Master Plan 3" and expansion outlook on Tesla's Investor Day 1st March 2023. Invedtors are interested in the following:
1. Tesla's Long Term Expansion Plan
Tesla talked about making 20 million cars by 2030.Elon Musk said Tesla needs 12 factories to do that. So investors want to know how how he is going ti do that, and where the factories are going to locate.
2. The Master Plan 3
Musk had teased about a 'Gen 3 platform' car, with clean energy, possibly solar energy with solar installations. Is it robotaxi?
Tesla also previously mentioned power pack and battery storage for commercial and residential applications. So will there be power packs and power wall? Whats in Tesla's new products offering. How will Tesla obtain the minerals such as lithium and cobalt needed for a lot of these batteries?
Will Tesla surpass the previous peak at last week of USD$217.65 ?
Let's see whether Tesla share price can go up.
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The above information is for reference.
Do DYODD before making any trade.
Good Luck! π
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