Tesla shares edge higher as it teases new EV
Tesla edges higher all sessions on the IG platform as investors await potential details of a cheaper, low-cost EV on its investor day and Volume 3 of Tesla’s master plan.
Tesla Investor Day
Tesla Inc's Investor Day is on March 1st. Now, the thing everyone is looking out for is whether or not Elon Musk is going to unveil the model 2. This is key because it will really put Tesla's competitors on edge. You know, the likes of Rivian Automotive Inc (All Sessions), Byd Co Ltd. Tesla's cheaper low cost model is thought to be its cheapest version yet and this has been widely telegraphed to the markets. There have been no firm details yet as to whether or not this new model will be announced or what it might be.
Volume 3
All Musk has mentioned is that he'll unveil Volume 3 of Tesla's master plan. Tesla's stock has had a rollercoaster ride looking at the shares here because it has come off its heady highs. It has come way down due to all that controversy around this point. But, it's come back up again and it's trading in this narrow band. Now, the close for Tesla as of February 27th was 207.63. We're currently seeing in pre-market a figure of 208.93. So, it could be quite an active open for Tesla ahead of that Investor Day.
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