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
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
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