investors are experiencing an unusual down month for the stock, but news that could send it higher again is coming soon. In about a week, the company will report how many electric cars it delivered in the third quarter.
September has been a lousy month for Tesla (ticker: TSLA). Shares have fallen about 22% as a widely anticipated update on the company’s battery technology failed to wow investors. The decline is worse than Tesla’s 21% drop in March, when the entire market was plummeting because of the coronavirus.
It might have been impossible for any company to live up to the expectations for Battery Day. Tesla shares rose 74% in August, partly in anticipation.
Wall Street’s analysis of the event fell along party lines. Bearish analysts wrote that the event was too