Today we discuss Tesla (TSLA), a cutting-edge technology company, a carmaker, a solar tech company and battery developer.
On September 22, Elon Musk, co-founded and CEO of Tesla, and his team hosted a Battery Day event, announcing massive innovations coming to Electric Vehicles (EV) and beyond.
TSLA plans to cut battery costs by more than 50% as well as boost power per unit of weight. Cheaper, more energy-dense batteries can make battery-powered heavy-duty trucks more competitive with other alternative-fuel powertrains.
“Some of the eye popping battery innovations coming out of Tesla ...looking to reduce battery costs well below the $100 [per kilowatt-hour] threshold, this potentially changes the game with further price parity on the EV front and throws a wrench in the [return on investment] story around hydrogen fuel cell vehicles over the long term.”
In addition, California governor Newsom announced that he is seeking to phase out gasoline-powered vehicles by 2035. This will be a major boost to EV, electronic components and solar industry.
Watch this video to get the technical insights.
Trading Risk Disclaimer
All information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.