Tesla Battery Day Hype Disappoint.
Tesla unveiled its much anticipated in-house technology amidst high expectation on battery day only to disappoint as management expects to halve battery price and ramped up
US$25,000 passenger electric vehicle in 3 year's time. The market was expecting game changer technologies such as silicon nanowire or single cathode material but there was no surprises.
On the chart Tesla price could have peaked for now and could be heading for the 50 Days MA at 358 before heading south again for the 338 level. The first credible support at 296 will be my first target and if the market condition deteriorates it could head for 273 which is my conviction support level .