investor event to coincide with CES 2017
Most of us know full well that this week marks the beginning of CES 2017 in Las Vegas. So, leave it to Tesla CEO Elon Musk to hold an invite-only, Tesla Gigafactory investor event to coincide with the huge consumer electronics showcase (and also the company's release of Q4/full year 2016 vehicles sales).
Announcement for the start of new and local battery production (earlier promised by 2016's end) anyone?
CEO Elon Musk and CTO JB Straubel will hold a questions and answer session inside the Tesla Gigafactory. Image Credit: @jameslipman (Instagram)
Charlie Anderson, analyst for Dougherty & Co., will be in attendance at Tesla's event. He shared:
“Everyone is converging in Nevada for CES, which starts the next day. There have been tons of requests for Gigafactory tours.”
Sparks, Nevada, home of the infamous Gigafactory is over 400 miles away from Las Vegas, but many will find it convenient enough to make the trip "on their way" to CES.
The event kicks off at 9AM (PT) and wraps up with factory tours for all.
Baird just called Tesla its top stock pick for 2017, and executives and analysts from the company plan to be in attendance at the Gigafactory event. The firm is even hosting a dinner for Tesla's top brass.
CEO Elon Musk, along with CTO JB Straubel will be on hand for a question and answer session. As Tesla moves into 2017 with huge goals, and the necessity to borrow and spend massive amounts of money, getting in good with the investment firms and analysts is key. Tesla just recently increased it borrowing capacity with two new credit agreements.
According to Bloomberg:
“While visitors have to pay their own air fare and hotel costs, they’ll get some time with CEO Elon Musk and Chief Technology Officer JB Straubel, according to guests who have received invitations. Tesla may need the good graces of Wall Street and investors this year as it spends heavily to expand production to 500,000 vehicles annually by 2018, some 10 times the number of vehicles delivered in 2015.”
Gigafactory construction is on the fast track, and recent news shows that Tesla is doing everything in its power to assure that Model 3 production is on track. Elon Musk said that by 2018, the Gigafactory will be producing more batteries per year than all worldwide combined manufacturers in 2013. Some Model 3 componentry will also be produced at the Gigafactory.
Tesla will forego a presence at CES, as this special event will be a more hands on and intimate way to showcase the company's progress and successes.