The big, giant message Tesla CEO Elon Musk and other execs tried to impart during its four-hour Tesla Investor Day was how the company would be a driver of a global shift to clean energy. Investors, at least those active after the market closed, weren’t impressed perhaps because it lacked that big product announcement, specific details on the next step in its so-called master plan 3 or Musk’s signature “one more thing” line.
Shares of Tesla fell 5.66% in after-hours trading.
Much of the event was more history lesson than a forecast of future business — although the nuance was that, of course, all roads lead to the future. And large sections of the event were dedicated to operational efficiencies and efforts to reduce cost at virtually every level of company. (which normally investors like).
Perhaps the most interesting parts are what was not said. Musk and an unusually long lineup of department leads did not share new details on Tesla’s next-generation EV, no...
