:0) something about Battery Day from Seeking Alpha & Yahoo that might make Gamma for me this week, so that I might be able to engage w/ quite a lot of Au before end-November unless I decide to reinvest in Elon, he who can fart perfume along w/ hot air, but cool hot air
am agnostic w/ positive bias w/r to Battery Day (North America Tuesday) and Battery Week, and know that anything can happen, up or / and down, or down or / and up. Doesn't matter as long as below 700 on 20th November. And certainly better < 800 on 20th November.
In any and all cases, all hands on keyboard, battle stations, DEFCON 5 and likely to DEFCON 1 by start of trading day 22nd September.
(1) seekingalpha.com
Battery teardown time: Tesla ( TSLA) holds its annual shareholder meeting on September 22 to be immediately followed by the highly-anticipated Battery Day event. Expectations are that Tesla will reveal plans to ramp up battery capacity, show off improved cell chemistry/performance and highlight how the cost curve could spiral downward. Wedbush Securities expects a home run from Elon Musk and gang. "We believe the company is getting closer to announcing the million mile battery at this highly-anticipated event. In our opinion this battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem," writes analyst Dan Ives. Panasonic ( OTCPK:PCRFY) will be on edge to see if Tesla tips off a goal to become battery independent over time. Other stocks to watch around the event include the usual EV auto suspects like Nio (NYSE: NIO), Li Auto (NASDAQ: LI), Xpeng (NYSE: XPEV) and Kandi Technologies (NASDAQ: KNDI). There is also Glencore ( OTCPK:GLCNF, OTCPK:GLNCY) to keep tabs on just in case Tesla pulls out a wildcard with its cobalt plans. Strap in for some fun.
(2) finance.yahoo.com
Tesla Battery DayOn Tuesday, Tesla ( TSLA) will host its highly anticipated, inaugural company event focused on unveiling new battery technology.
CEO Elon Musk has teased the event in recent Twitter posts, saying on Sept. 11 that “many exciting things” will be revealed for the first time at the event.
Questions around battery efficiency, costs, sizing, durability and range will likely take center stage, as investors and potential buyers look for the technology to far surpass capabilities provided by combustion engines, and provide an incentive for customers to pivot toward battery electric vehicles.
Wall Street analysts have largely been constructive on Tesla heading into the event. Piper Sandler late last week raised Tesla’s price target to $515 from $480 and reiterated its Overweight rating, citing the expanded opportunity in Tesla’s energy business unit.
In a similar vein, analyst Dan Ives of Wedbush raised his price target on Tesla to $475 from $380 and reiterated his Neutral rating, calling Battery Day a likely “linchpin” event for the auto-maker.
“We believe Musk & Co. are slated to announce a number of new potential ‘game changing’ battery developments at this event which has become incrementally more important as competition in the EV space continues to ramp both domestically and internationally,” Ives wrote in a note Friday. “The technology innovations around Giga/Fremont remain the key ingredients in Tesla's success on the battery front and we believe the company is getting closer to announcing the million mile battery at this highly anticipated event.”
“In our opinion this battery technology will be very advanced, potentially last for decades, withstand all types of weather/terrain, and be another major milestone for the Tesla ecosystem,” he added. “In theory this battery will support an electric vehicle for 1 million miles and be a major step forward when competing vs. traditional gasoline powered automotive competitors from both an ROI and environmental perspective. Another linchpin to Tesla's battery innovations and the Street's focus of the upcoming Battery Day will be reducing battery production costs on a trajectory to the key $100/kWh threshold as this would give Tesla much more financial flexibility around pricing on current and future EV models with price parity.” |
