Tesla’s Investor Day on Wednesday will lay a foundation for the green tidal wave that can help the worldwide shift to electric vehicles, however the expectations for the event are truly monumental, Wedbush’s Dan Ives said in a note to investors on Monday.
Tesla will hold its Investor Day at Gigafactory Texas this week, and the corporate is predicted to disclose quite a few latest developments in its company roadmap, including details about its Master Plan Part 3 and potential updates regarding its reasonably priced vehicle model that’s already in development.
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There are even expectations that latest details regarding the Cybertruck’s initial production and Semi delivery dates, in addition to 4680 production updates, will probably be outlined throughout the event. Ives believes these details will probably be crucial to a successful day, but much more details regarding how Tesla plans to expand its global production capability and construct latest factories to achieve a brand new global footprint, because the automaker ultimately has plans to fabricate 20 million vehicles annually by 2030:
Everyone seems to be expecting huge updates, and the corporate is greater than curious about coming through on them, obviously. But greater than words, Tesla could have to make major jumps forward to perform all of those goals. Investors will undoubtedly be listening to what specific details CEO Elon Musk and other executives have that can back up these monumental expectations.
Laying out a vision is what Ives expects from Musk throughout the Wednesday event, and Tesla’s goal of helping transition the world to sustainable energy comes through this company. Without it, we’d likely not be where we’re today by way of the EV movement, especially as legacy automakers with way more volume capabilities have been struggling to maintain up with Tesla.
Ives holds a $225 price goal and an Outperform rating on Tesla stock. Wedbush said it’s looking forward to what Tesla brings to support the corporate’s story and future roadmap.