But the big event will be Tesla Investor Day on Wednesday, March 1. Tesla (TSLA) has said it'll offer details on a next-generation EV platform for a lower-cost model. But when will that go into production? The EV giant also may finally confirm plans for a long-awaited Model 3 refresh, providing details on the "Highland" upgrade.
Tesla likely will reveal HW4.0, the latest hardware for driver assistance, including better chips, more cameras and the return of radar. Elon Musk said that all Tesla EVs were "hardware ready" for full self-driving as of 2016.
The EV giant is sure to discuss its own battery production efforts, including a big Nevada plant expansion to make 4680 cells.
Battery storage expansion plans and "capital allocations" also are key topics.
Elon Musk also may release his third "Master Plan," even with a few big items left on his second vision statement from 2016. Musk has been hinting at Master Plan 3 for almost a year.
Meanwhile, Tesla price cuts in early January gave an initial burst of orders worldwide. But aside from the Model Y in the U.S., Tesla demand appears to be waning again and inventories growing.
China is especially difficult because many EV makers have slashed prices following Tesla, with BYD cutting prices on a number of models in late February. Meanwhile, a slew of new or refreshed models are due in the next few months, including from Nio, Li Auto, XPeng and especially BYD.
Tesla stock snapped a six-week winning streak, slumping 5.5% to 196.88. But shares are pausing just above the 21-day line and slightly below the sliding 200-day moving average. A decisive move above recent highs would also push Tesla stock above its 200-day line. That would offer a possible entry, but it would be aggressive, especially in the current market. Tesla Investor Day could be a big catalyst up or down, but which direction?
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