Tesla’s 70% Rally Faces Key Test With Musk’s Latest Master Plan
- Investor day may turn into a ‘sell the news’ event: Barclays
- Analysts await details on battery technology, cheaper vehicle
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The stock market’s resurgent enthusiasm for Tesla Inc. is poised for a test Wednesday when Elon Musk unveils his latest and much-hyped “master plan” for the electric-vehicle maker.
Expectations have been rising steadily ahead of the event, with several Wall Street analysts turning more bullish on the stock, taking the share of buy recommendations on Tesla to the highest in over a decade. Yet after a 70% surge in just two months, any further gains may require more fireworks than what the company’s chief executive officer is expected to deliver.