Tesla Battery Day Event News and Meeting Notes

Tesla's Battery Day event is in a sell-the-news fashion after Elon Musk's tweets. Today's shareholders meeting could propel the company's hot stock even higher.
Author:
Updated:
Original:

Electric car maker Tesla  (TSLA) - Get Report will hold its annual meeting and Battery Day event beginning at 4:30 p.m. ET. under social distancing guidelines in Palo Alto, California on Tuesday.

TheStreet's Annie Gaus covered the Tesla Battery Event as the innovative car company announced a new generation of cheaper, more efficient car batteries.

How to Tune Into the Battery Day Event 

Tesla live-streamed its Battery Day event on Tuesday from its corporate website. TheStreet provided a recap of the events on its quarterly shareholders' meeting.

How to Trade Tesla on Battery Day

At the close of trading hours, Tesla was down by 5.60% to $424.23 on Tuesday. Jim Cramer, on Monday, advised people to buy shares of Tesla ahead of Battery Day. The company's stock was volatile on Monday, trading in a near-$50 range, which is quite wide for a stock that closed for trading near $442 last week. But it’s holding the 10-day and 20-day moving averages despite Tuesday’s dip. Tesla is looking to continue holding these moving averages, as well as Monday’s low near $407.

TheStreet reviewed the charts and provided a technical analysis look at how to trade shares of Tesla. TheStreet's Tesla Daily also previewed everything to expect from Tesla on Battery Day.

Latest Tesla News

Elon Musk sent shares lower with tweets tempering expectations on Monday. Tesla is expected to unveil a new 'million-mile battery', which would triple the current range for Tesla Model 3 sedans, as well as new batteries for the group's still-to-be-produced semi-truck and robotaxi. Tesla shares fell earlier in September after it was snubbed by the S&P 500.

Past Battery Day Events 

July 22, 2020: Tesla Beats Earnings and Revenue Estimates, Shares Rise

April 29, 2020: Elon Musk Calls Shelter-in-Place Orders 'Fascist' on Tesla Earnings Call

Jan. 21, 2020: Tesla Beats Earnings, Confirms New Car Models

Oct. 19, 2019: A Tesla Turnaround

July 24, 2019: Shares Shares Dive on Earnings, Revenue Miss

Tags
terms:
CarsAutomotive