![]() Perhaps the most noteworthy takeaway from the presentation was Tesla's estimated $10 trillion investment it plans to make in manufacturing among the following: renewable energy grid ($0.8 trillion), transition to EVs ($7.0 trillion), heat pumps ($0.3 trillion), high-temperature thermal ($0.8 trillion), and planes and ships ($1.0 trillion).īasically, Musk is telling investors that he sees Tesla as more than just an automotive company. What followed was a 169-page deck that took several hours for Musk and his team to review. Last week, investors from around the world flew to Austin, Texas, or tuned into an internet livestream to watch Elon Musk reveal more details about his vision for Tesla. As Tesla stock continues its downward momentum, some investors may wonder if it is an attractive buy at this valuation. Tesla stock declined nearly 13% over the last five trading days since the event. In this instance, however, investors and Wall Street seemed less enthused. ![]() Needless to say, Tesla stock usually tends to swing in the days leading up to these investor days. Typically, during these events, Musk is known to reveal new products and services and paint a roadmap for Tesla's future. Recently, Musk and his executive team hosted their highly anticipated investor conference. Nevertheless, perhaps Musk's most notable brand is his electric vehicle (EV) company, Tesla ( TSLA 0.09%). When he's not sending rockets into space with his exploration company, SpaceX, he can often be found at the center of some discussion on social media platform Twitter, which he also owns. Serial entrepreneur Elon Musk seems to have a knack for the limelight.
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