Stocks turned negative Wednesday, erasing earlier gains and ending an advance that began on Tuesday.
Sorry Battery Day, here is what may be the real short-term catalyst for Tesla's stock argues one Wall Street analyst.
For Tesla to reach the ambitious goal of 10 to 20 terawatt hours of battery production per year that the company has set, it will need to advance the battery and its production. Today, during Tesla's self-described Battery Day event, the company laid out a series of innovations that its CEO Elon Musk said will get it there. "We're starting to ramp up manufacturing of these cells at our pilot 10 gigawatt manufacturing facility just around the corner," said Drew Baglino, the SVP of powertrain and energy engineering at Tesla.