Tesla slides 7% as investors await Battery Day presentation - Business Insider

traded as much as 7% lower on Tuesday as investors anticipate its upcoming Battery Day presentation, which is set to kick off at 4:30 p.m. ET.

The presentation will be solely focused on Tesla's innovations in battery development. Tesla CEO Elon Musk cautionedon Monday that the developments announced during the event won't reach high-volume production until 2022. Additionally, according to the tweet, many of the innovations announced later Tuesday will mainly impact the Roadster, Cybertruck, and Tesla Semi models.

"The extreme difficulty of scaling production of new technology is not well understood. It's 1000% to 10,000% harder than making a few prototypes. The machine that makes the machine is vastly harder than the machine itself," Musk tweeted. In a note published last week, Goldman Sachs highlighted six key topics it expects to be front and center at Battery Day.Morgan Stanley's US equities chief nailed his call for a short-term market meltdown. He now lays out the evidence that it may not end soon, and shares 15 stocks to buy ahead of the rebound.

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