To The Moon

Tesla is set to hold its 2023 Investor Day on Wednesday. The event will be live-streamed from Gigafactory Texas, beginning at 4 p.m. ET. As earlier reported by Benzinga, Musk has hinted at what investors can expect from the event calling it "Master Plan 3" and noting that "the future is bright." The Tesla CEO even hinted that the EV maker will lay out plans for a "fully sustainable energy future for Earth." Buy, Cathie, buy Pump 01: Ark Invest founder and CEO Cathie Wood rose to fame because of her early call on Tesla Inc (NASDAQ:TSLA). Now she's out with a prediction about what the Elon Musk-led company has in store for its first-ever Investor Day. "We're very interested in the news coming out of this March 1st day. We think it will be about robotaxis effectively," Wood said earlier this week on CNBC's "Squawk On The Street." Wood expects the event to be centered around robotaxis, headlined by the significantly lower costs that Tesla can offer buyers of autonomous vehicles. "Elon has said that he thinks he will be able to cut the price of a car in half. We think that a robotaxi could start at $25,000 and, you know, if you've got tax credits, that could take you into the high teens," Wood told CNBC. Why It Matters: With Tesla's pricing advantage, she expects the EV maker to put significant pressure on competitors. "It's going to be very difficult for the competition to beat that. In fact, they won't be able to come anywhere near it," Wood emphasized. The company's biggest advantage is in its battery technology, she noted, adding Tesla is three to four years ahead of its closest competitors in battery development and advancement. "Another company — if they wanted to price at the same level as Tesla — will have to lose money, especially if he cuts prices in half," Wood said. "As you notice, as prices have come down, his margins have gone up. He's enjoying economies of scale and we do believe that margins for Tesla are going to become explosive with autonomous mobility." Mexico approves new TSLA plant Pump 02: Mexico President Andrés Manuel López Obrador announced on Tuesday that Tesla Inc (NASDAQ:TSLA) is committed to opening a new plant in the northern part of the country, according to Voa News. The new facility will be Tesla’s third international plant, joining Shanghai and Berlin. Originally, Obrador was hesitant to green-light the Tesla plant amid concerns about water usage. But, Tesla and its CEO Elon Musk assured Obrador that water usage would not be an issue, and said it will use recycled water. While both Shanghai and Berlin’s Tesla plants produce cars, it has not been announced exactly what the Mexican plant will produce. The president said it wasn’t clear yet if Tesla will produce batteries at the plant. Tesla coming to Malaysia Pump 03: The Elon Musk-led EV maker’s application to import EVs to the Southeast Asian country has received approval and Tesla would also establish a charging station network for its cars in addition to an office, Malaysia’s minister of international trade and industry said. However, it was not immediately clear when the office would be opened. "Tesla will establish a Head Office, Tesla Experience & Service Centres, and Supercharger network, simultaneously creating skilled & better-paying jobs for M’sians," Malaysia's Minister of International Trade & Industry Tengku Zafrul tweeted on Wednesday. Malaysia Welcomes @Tesla! @MITIMalaysia has approved Tesla's application to import BEVs into Malaysia. Tesla will establish a Head Office, Tesla Experience & Service Centres, and Supercharger network, simultaneously creating skilled & better paying jobs for M'sians. Up or down this week? And the dump: Sell the news! If Robotaxi is postponed, if full self driving is delayed, if no new cheaper model releases, we should see the head and shoulders filling the gap towards 195/193 by this Friday. ⚠️ Trading Tips: For Wednesday, we may see a push towards 212 to 218 but huge pivots to overcome at 209. Looking to short under 203.75 and long above 205.8 later. If you find the information useful, I'd appreciate if you could click on Like, Comment & Repost this article at the bottom right corner. Follow me for more trading ideas & strategies to ride the market daily with profits! 🤑 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_SG @TigerPM