TESLA Investor Day 2023
- Thread starter VicBee
- Start date
True to himself, Musk sucked. He's a terrible public speaker and didn't disappoint this time again. But beyond that, Musk should have and failed to dispell weeks ago the hype that Tesla would present a new vehicle. Awkwardly, what should have been big news, a new giga factory in Mexico, was only confirmed in the Q&A session in the end, as if that was old news.
For those already invested in Tesla and who have been following its evolution over the years, this was nothing new, a rehash and update of what has been said already at previous Tesla Days. This one felt more like a promotional pitch for new investors.
What was suggested in a long, convoluted way was that in order to bring a smaller, cheaper Tesla to market, the company needs further manufacturing and design efficiencies and a large supply of batteries, both of which are in progress. My thinking is that it's probably 2-3 years away, when Giga Mexico and the lithium processing plant are built and operational.
To conclude, this Investor Day was primarily a sales pitch, an investors recrutement day to increase the pool of retail investors, those willing to buy 10 to 100 shares for the long term, and if the pitch attracts 1 million new investors worldwide, it was a good day. For the groupies looking for their rock star to unveil his new hit or hoping that day would propel the share price to the moon? Meh.
1 million investors buying 100 shares each is about 1/2 days nornal volume. Why would that be a good day.
Ok, make it 10 million people worldwide, that's about 30% removed from the float as long term investment. That would affect the share price ..
That would make a difference. Me thinks that you just want company.
That too!
Did you watch the presentation? I know there are concise versions already out that will make this more enjoyable. Your thoughts?
Sorry I didn't watch the presentation. I kinda just look at the charts. No bias.That too!
Did you watch the presentation? I know there are concise versions already out that will make this more enjoyable. Your thoughts?
I see. I do the opposite. Watch, read anything and everything I can get my hands on, even remotely associated with, the stock I'm looking to trade/invest in.