Hey everybody Rob Maower here and today we are talking about some news about

Tesla potentially exporting from Gigas Shanghai, an updated price target from

UBS and a couple of Elon Musk tweets. Tesla stock on the day today did finish up 0.4% to

$372.72 that compared to the NASDAQ down 0.6%.

So despite the down 21% worst day ever for Tesla on Tuesday following the long weekend and the news from late last Friday

that Tesla had not yet been included in the S&P index. Tesla for the week this

week actually only finished down 11% from last Friday's close while while the NASDAQ ended up down 4% from the same point.

So actually turned out to not be all that bad of a week, I think all things considered.

Potentially boosting the stock a bit today was an updated note and price target from

UBS analyst Patrick Hummel. He doubled his one-year price target from $160 before to $325 now, maintaining a neutral rating on the stock.

Hummel said that he expects battery day updates to be quote unquote significant

and that they should strengthen Tesla's quote cost and technology lead for several more years, end quote.

The note also said that UBS expects the dry battery electro technology to be likely to

enable a 50% higher energy density up to 400 watt hours per

kilogram. I don't have the full note so I'm not sure if they're

expecting that immediately at battery day or if that's just something they are

saying could be enabled over time. The latter fits more with comments that Elon has made about

lithium ion battery technology, but I definitely don't expect them to be at that level quite

at battery day, even though I do expect some, I don't know if minor is the right word but some less significant energy

density improvements. This is where it gets a little bit tricky to

understand what the market's actual expectations for battery day are and how those may compare to what

Tesla actually announces.

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