Tesla's (NASDAQ:TSLA) Investor Day is in a league of its own when compared to other investor days. Elon Musk and company are expected to provide key updates on everything from global plans for expansion/capacity to demand trends – particularly in the key China region – as well as the state of the supply chain and new products during this highly anticipated event that will take place on Wednesday (March 1) at its Gigafactory in Austin, Texas. This event is being highly anticipated because it will take place on March 1.
Yet, investors will be interested in learning more about what exactly constitutes Musk's much-touted "Master Plan 3" more than anything else.
Daniel Ives, an analyst at Wedbush, anticipates that it will provide "additional insight into the larger strategic plan going forward" and "lays the framework for the next decade for Tesla with the green tidal wave striking internationally on the move to EVs."
Ives is particularly anticipating several revisions to the product plan in the near future. These should include specifics on how Tesla aims to decrease the price of a car down to the range of $25,000 to $30,000, more updates for the Semi Truck and 4680 battery technology, and updates about the Cybertruck and its probable launch timetable.
The five-star analyst went on to say that "a key focus will be the next generation 3 platform for a cheaper Tesla vehicle for the masses and the strategy/unit economics to get to this holy grail." "With electric vehicle tax incentives available in plenty and competition coming from every direction, reduced price points are a significant emphasis for Wall Street as it looks forward with the Tesla tale."
Ives would also like some color on Tesla's global infrastructure goals (Mexico, Canada, and Indonesia), although the potentially game-changing potential of the new Inflation Reduction Act should put the spotlight on the domestic production plans as well. Ives would like some color on Tesla's global infrastructure goals (Mexico, Canada, and Indonesia). In addition, investors will be interested in receiving more information regarding the FSD roadmap, robotaxis, and Tesla's long-term goal of producing 20 million automobiles by the year 2030.
Overall, prior to the event, Ives maintained an Outperform rating for Tesla shares, which is synonymous with a Buy recommendation, and he set a price objective of $225 for the stock.
The majority of Wall Street analysts continue to be bullish on Tesla's prospects; the company's stock now has a consensus recommendation of Moderate Buy, with 22 Buys, 6 Holds, and 3 Sells. On the other hand, considering that the shares are now trading at their fair value, the average target price of $204.96.
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