Tesla will hold its 2023 Investor Day on March 1, 2023 at Gigafactory Tesla, the company announced in a new press release. Tesla will live stream the event and invites some of its institutional and retail investors to attend in person.
“Our investors can see our most advanced production line and discuss long-term expansion plans, Generation 3 platform, capital allocation and other topics with our leadership team,” Tesla said.
We plan to host Tesla Investor Day 2023 on March 1, 2023
The event will be streamed live from our Gigafactory Texas with the option for our institutional and private investors to attend in person (details to follow) → https://t.co/JmZIiXut5f
– Tesla (@Tesla) January 2, 2023
One of the things discussed at Investor Day is Tesla’s long-term expansion plans. Perhaps Tesla will announce the new Gigafactory location at the event or even on the Q4 2022 conference call.
During Tesla’s August 2022 shareholder meeting, Elon Musk said another factory site could be announced for 2022. Though he didn’t announce one last year, there were rumors of a Gigafactory in Canada and one in Mexico.
Canada’s Minister for Innovation, Science and Industry, François-Philippe Champagne, spoke of meetings he and his team held in California with “another automaker to make more investments, create jobs and build an economy that works for everyone.” functions”. The minister was also in talks with Tesla and other automakers. He visited a Tesla facility in Markham, Ontario in late summer.
There have also been reports of a possible announcement of a gigafactory in Mexico. Mexican media reports noted that Tesla is considering Nuevo Leon, Mexico as the location for its next electric vehicle manufacturing facility. Tesla CEO Elon Musk visited Nuevo Leon, Mexico and spoke with Governor Samual García and US Ambassador to Mexico Ken Salazar, among several other executives.
Tesla’s announcement of its Investor Day also follows Elon Musk’s recent assurance to Tesla investors following a tough end to 2022 for investors. On Friday, December 30, 2022, TSLA shares closed at $123.18 per share and the market cap was $388.97 billion, down around 65% in 2022. Elon Musk assured Tesla investors that while Tesla is vulnerable to short-term volatility, its long-term fundamentals are “extremely strong.” In other words, Tesla stands on solid foundations.
Please take these two sentences to heart!
— Elon Musk (@elonmusk) December 31, 2022
Elon Musk in December promised he would Ensure Tesla shareholders benefit from Twitter over the long term.
Though some reports noted that Elon Musk and his takeover of Twitter, or “obsession,” were to blame for Tesla shareholders’ intense year in 2022, Elon Musk made a promise to investors in December.
“I will ensure that Tesla shareholders benefit from Twitter in the long term”, he tweeted.
Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
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Tesla Investor Day, scheduled for March 1, here’s what to expect