Elon Musk disclosed plans for the future for Tesla at the electric vehicle company's annual investor day.

Closing Bell

Elon Musk Hosts Tesla's Annual Investor Day

Alright well today we're getting more information on Elon musk's plans for the future of Tesla at the electric vehicle companies annual investor day event just got underway with Elon musk taking the stage within the first two minutes. This is a live look at the event in Austin texas. Elon musk speaking on stage as we speak And while it's only getting started, we know a few things likely on the agenda. We could hear about a cheaper Tesla model intended for the masses. There is some expectation that Tesla's gonna unveil a new model below its current cheapest version that costs 40,000. Oh, there's plenty from us to cover from competition to battery build out the release of its futuristic looking cybertruck which will be manufactured in Austin and a new manufacturing plant coming to Mexico according to Mexico's president that we heard yesterday a year to David stock up a whopping 90% after seen some heavy losses in 2022 along with other growth names. Well, the real question for consumers and investors is how this company can maintain its dominance as heavy investments and commitments broaden out General Motors ford Volkswagen, just some of the legacy automakers building out TVs in America as the administration commits billions of dollars to making even more accessible