Tesla investor day may be ‘sell-the-news event,’ says Barclays

Barclays analyst Dan Levy says Tesla’s upcoming investor day may be a "sell-the-news event" given the stock’s recent rally. However, the analyst says the event is likely to reinforce Tesla’s long-term opportunity, reinforcing the firm’s Overweight rating and $275 price target. Elon Musk recently tweeted that the investor day will provide a Master Plan 3, "the path to a fully sustainable energy future for Earth," the analyst tells investors in a research note. While a number of these plans never fully materialized, since Master Plan Part 2, Tesla has solidified its product and accelerated the electric vehicle transition, Barclays contends. It says the most anticipated topic at the investor day will be commentary on the third generation platform, which it assumes will be the basis for the "Model 2," Tesla’s mass-market car.