Tesla's Investor Day: A Demonstration of Corporate Leadership, but Investors Want More
During Tesla's investor day, 17 executives were featured, taking Elon Musk's place in the limelight.
The CEO of Tesla, Elon Musk, was scheduled to present his "Master Plan 3," a long-term strategy for the business's next phase of expansion, during the 2023 Investor Day event on March 1. But, many investors and fans were left wanting more after the lengthy event.
"Admittedly underwhelmed with the general paucity of specifics on its
next-gen platform," observed Deutsche Bank analysts. The "Master Plan
3" paper was still not posted to Tesla's Investor Relations page as of
Friday morning. Musk did not address how Tesla expects to collaborate with his
other businesses.
Investor Day was successful in bringing shareholders'
focus to the larger company led by Tesla's well-known CEO. Tesla invited 17
different corporate executives to speak at the event regarding the firm's
accomplishments to date and future goals. While Tesla's bench strength was
highlighted during investor day, diversity was not a strong point since
just two of the leaders who spoke were female.
Moreover, the presentation could have used some polishing.
Some speakers talked more assuredly, while others trembled as they anxiously
read off teleprompters. Investor Day may have been a success in showcasing the
Tesla crew, but several fans and experts were unimpressed with the substance.
Tesla again failed to provide Investor Day attendees with
concise takeaways. Every successful presentation should include a few key
points. Are these takeaways clear to investors, and why are they important for
Tesla's future? It wasn't accomplished by this event, according to Marisa
Thomas, creator of Pivotal Media.
The company's greatest news of the week wasn't officially
announced by executives until a few hours into the occasion. Elon Musk
announced that Tesla will be establishing its next significant facility outside
of Monterrey, Mexico at the beginning of a question-and-answer session. He made
no fresh disclosures. According to information released by Mexican authorities
on Thursday, Tesla plans to invest between 5,000 and 10,000 people and $5
billion to $10 billion over the long term in a car assembly factory. With a
land purchase of roughly 4,200 acres in an industrial zone and the ability to produce
up to 1 million cars annually, the facility will be Tesla's biggest in the
whole globe.
The event had both positive and bad aspects overall.
Although showcasing Tesla's leadership and bench, diversity was not emphasized.
The topic lacked clear takeaways, and the presentation could have used some
refinement. No fresh information was released on the confirmation of Tesla's
new facility in Mexico.
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