Oddly enough the Sunday, March 3 announcement for the Model Y unveil event taking place on March 14 has seemingly had a negative effect. Perhaps this is an anticipation drop as well as recent conflict with the SEC that is having it’s toll.
In my opinion this is a great buying opportunity. The stock isn’t too far away from it’’s 52 week low and is sure to generate quite the buzz starting Wednesday March 6th when Tesla unveils it’s V3 Supercharger and the March 14th Model Y reveal.
The Model Y release is sure to gain millions of dollars in reservation funds again which is timed just in time for the Q1 financial reporting. When combined with the recent Enhanced Autopilot and Full Self Driving price changes, it really appears that Tesla is pulling all the stops to get some cash in hand.
Disclaimer: I do hold TSLA shares at the time of this writing.