Dear TSLA Stock fans, mark your calendars for April 7th
Yesterday many eyes were on You’re here (NASDAQ:TSLA) as the company prepared to open its Berlin Gigafactory. Today marks company history as the electric vehicle (EV) innovator opens in Berlin and begins shipping European-made EVs. Currently, the TSLA stock is on the rise. However, investors should already turn to another catalyst; Gigafactory Texas will host GigaFest on April 7, a celebration for Tesla and electric vehicle enthusiasts.
There’s no doubt that the news of the upcoming GigaFest date – combined with the momentum boosted by the Berlin opening – is driving TSLA stock higher today. As of this writing, the shares are up 4%. Despite some turbulence early in the morning, the stock now seems to be moving steadily higher. With yet another straight day of growth, TSLA has been in the green 12% for a month.
Here’s what investors need to know to get ahead.
What’s going on with TSLA stocks?
So what is GigaFest, the event helping to drive TSLA stocks today? For anyone who wasn’t following the EV news last year, this is a joint celebration inspired by a similar October 2021 event held at Tesla’s premises in Berlin. The Texas GigaFest should bring some 15,000 people. Additionally, priority for tickets will go to residents of the Greater Austin area.
Originally announced in February, GigaFest has been in the works for months. For fans of EV technology, this will be a chance to see some of the company’s latest innovations. Attendees are likely eager to see the Model Y made in Texas. However, Inside electric vehicles speculates that Tesla’s cylindrical type 4680 battery cells and battery will also be on display.
Although this is not confirmed, it is also likely that important names are present. After announcing the date of GigaFest in a tweetCEO Elon Musk replied “Yes” when a fan asked if invites would be issued.
Guests at today’s event in Berlin included prominent figures including German Chancellor Olaf Scholz. So for the event in Texas, Musk and Tesla could invite local politicians. They might even invite US Transportation Secretary Pete Buttigieg, who recently touted the benefits of electric vehicles after praising Tesla earlier this year.
What this means
Of course, Tesla fans are already excited about GigaFest. Investors should be too. As anticipation for the event continues, TSLA stock will rise momentum. Plus, with the title already on a winning streak, this new catalyst comes at just the right time.
Tesla is rolling out electric vehicles to multiple continents and fans are cheering. GigaFest will likely remind investors how powerful the company’s brand is. As such, investors should watch TSLA shares closely as the event nears. Although much is still unknown, this will likely bring more positive momentum to Tesla shares.
At the date of publication, Samuel O’Brient held (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.