ELON MUSK'S GAME PLAN BACKFIRED ON INVESTOR DAY, AS TESLA'S STOCK SANK

Elon Musk's game plan backfired on investor day, sinking Tesla's stock. 

The inventor failed to give specifics about the next-generation models he promised, leaving investors unconvinced about the next growth phase.

As the world is yet to witness the completion of his ambitious Master Plan, Part Deux, which Elon had been working on since 2016. The outcome of Investor Day raised questions about whether Master Plan 3 would deliver on its promise.

What has Tesla done right?

The electric vehicle manufacturing company Tesla is renowned for its ground-breaking vehicles and cutting-edge technologies that have revolutionized the automotive sector. The business has been growing for years, with its stock price reaching all-time highs, when it added $300 billion in market value in 3 months.

The business estimated that 1.31 million vehicles were delivered during the entire year of 2022, putting them on track to deliver 20 million electric vehicles annually by the year 2030.

What went wrong on investor day?

Firstly, it is important to understand what Investor Day is and why it is significant for Tesla. Investor Day is an event that provides a platform for a company's management to discuss its business strategy, vision, and financial outlook with investors. 

In Tesla's case, it was an opportunity for the company to showcase its latest technological advancements, and plans for future growth, and provide guidance for the financial year ahead.

This year's investor day was held on March 1st, 2023, at the company's headquarters in Austin, Texas, and Elon kicked it off with a long presentation that included a review of past achievements, visions for the future, and plans to scale up amidst fierce competition.

At the end of the presentation, specifics about upcoming products or services were omitted, and this raised a lot of questions about how long shareholders will have to wait to know what the actual plan is.

Before 10:00 a.m., Tesla's shares had sunk to 7.7%, their lowest since January 2023; at the end of the day on March 2, the share had fallen further to 5.85% at $190.90.

What do analysts say? 

As usual, this is not the first time Tesla's stock has taken a hit. In the past, Tesla's stock had fallen as low as $101.3, but it also hit an all-time high of $409.97 on November 4, 2021.

Analysts are therefore optimistic about a rise and are projecting Tesla's stocks to hit $320.0 in a 12-month period. 

What the future holds 

It is important to note that Tesla is still at the top of the electric vehicle manufacturing food chain. Though their short-term goals may be riddled with uncertainty, their long-term prospects remain as bright as day.

According to Elon Musk, the transition to a sustainable energy economy is imminent. This will reduce the cost of electric vehicles worldwide and ensure environmental safety.

Their four-point 10-year agenda is as follows: 

• Making elegant and beautiful solar roofs that include battery storage,
• Broaden the electric vehicle product range to include all key market sectors,
• Utilize enormous fleet learning to provide a self-driving capability that is 10 times safer than manual and 
• Letting your automobile generate income for you while you sleep seems surmountable. 

We can anticipate history in the making as the future unfolds.