Sorry, you have Javascript Disabled! To see this page as it is meant to appear, please enable your Javascript! See instructions here
3 things to watch for Tesla's "Battery Day": stock price, autonomous driving, and Musk's new goals - Naijatechnews

3 things to watch for Tesla’s “Battery Day”: stock price, autonomous driving, and Musk’s new goals

Naija Tech News (NTN) on 18, and in content, 3 things to watch for Tesla’s “Battery Day”: stock price, autonomous driving, and Musk’s new goals, autonomous driving, Battery Day, Elon Musk, stock price, Tesla .

Tesla will demonstrate the company’s battery performance on “Battery Day” next Tuesday. Prior to this, Tesla will also hold an annual shareholder meeting, when the chairman will be re-elected. Both events will be held at 4:30 pm Eastern Time .

Wall Street seems to expect Tesla to consolidate its position as a leading power battery manufacturer through technological advancement, helping the most basic and expensive parts of electric vehicles reduce prices and increase capacity.

Here are three key points about “Battery Day”:

1. Want to push stock prices up again?

“Battery Day” usually boosts stock prices. Deutsche Bank analyst Emmanuel Rosner mentioned “Battery Day” earlier this week and raised Tesla’s target price by 33% to $400.

Rosner maintains a “hold” rating on the stock. He believes that Tesla will launch a “new in-app purchase production system” by then to strengthen battery capacity, improve chemical formulas, and “rapidly reduce” battery costs.

Tesla’s stock price has risen by more than 400% this year, while the S&P 500 index rose by only about 3% during the same period. The company conducted a “one split to five” stock split operation on August 31.

2. Battery Day imitates the autonomous driving activities in 2019

In April 2019, Tesla held a dedicated driverless car hardware event, which opened the way for fully autonomous vehicles and claimed that it could eventually develop a “robot taxi team”.

At the event at the time, Tesla predicted that robot taxis would be on the road as early as the beginning of this year. This became a bold promise made by the company’s CEO Elon Musk.

Tesla owners can choose to add their car to the fleet managed by the application in the future, subsidize the cost of the car, and Tesla will draw a share from it. But this has not yet been achieved.

3. Musk may promise more ambitious goals

Tesla often sets some goals that may not be achieved.

“We remind investors not to pay too much attention to the promises made in a few years’ time.” Investment bank Evercore ISI analyst Chris McNally (Chris McNally) said in a research report this week. He pointed out that about four years have passed since Tesla first promised fully autonomous vehicles. They also promised to take a driverless journey across the United States, but they have not yet begun.

McNally said that investors should focus on short-term indicators such as battery density, efficiency and cost. Only in this way can they move Wall Street and make Tesla lead the way in power battery technology.

Tesla may also disclose more technologies related to metal mining for power batteries. Musk called on mining companies to mine more nickel for battery production during the second fiscal quarter conference call in July.

Tesla may also disclose recent acquisitions, and they have not disclosed this information recently.

Tesla acquired Maxwell Technologies in February 2019. All transactions at that time were conducted in stocks, and Maxwell was valued at US$218 million. This is also Tesla’s first acquisition after a period of blank acquisition.

The previous acquisition was the 2017 acquisition of factory automation equipment manufacturer Perbix Machine. Tesla did not disclose the specific amount at the time, but said it hoped to “make machines for production machines.”

DOWNLOAD Our Mobile App

If you think this post can be helpful to somebody else, please share it on Twitter, Facebook or Whatsapp it to friends. There are buttons below for this (easy to use too)! Join Over 5,000 + Readers. Get a free daily update via Email HERE

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow Naijatechnews' FacebookTwitter, Instagram & Telegram. Subscribe our Google News, & YouTube Cannel.

Download Netify VPN Apk 2019 For Android 1
Click to comment

Leave a Reply


To Top