Tesla (NASDAQ: TSLA) has struggled this financial year, reporting a notable 10 % drop in shares since 2020. With competitors including Ford, General Motors and Honda performing incredibly well in 2021, Tesla looks to be in a spot of bother.
It seems as though investors are shying away from the somewhat volatile Tesla stocks, preferring to opt for safer cyclical investments to reap the benefits of an economy that is finally re-opening following the various lockdowns across the globe.
However, with a key date on the horizon for Tesla, Musk might have an ace up his sleeve for July.
The enigmatic CEO of Tesla, Elon Musk, intends to change investor perceptions of the brand.
Musk has already outlined the schedule for an AI Day event, pencilled in for July, where Tesla will unveil their latest industry innovations.
Notably, this will focus on artificial intelligence and the advancements Tesla has made in both hardware and software development.
With self-driving cars growing in popularity, it is no surprise that Tesla’s AI innovations will help drive this revolution in the motor industry.
With a loose target of the end of 2021 in sight, Elon Musk and Tesla are looking poised to unveil the next iteration of AI and self-driving cars.
This speculation is enough to start murmurs of a spike in Tesla stocks come July, but only time will tell.
It seems as though Tesla has drawn up battle plans that will bolster the company’s growth and development, with the delivery market being targeted as a key area for Tesla to expand.
With new facilities opening up in Texas and Berlin, Tesla seems to be preparing for a very busy future.
Tesla has always been a rogue company in the stock market, and Elon Musk’s antics seem to be hit or miss in terms of boosting stock growth.
However, with the successful rollout of Cybertruck, Starlink, Neuralink and the Boring Company, Musk could be set to see quite a bit of success this year.