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Here’s Why Tesla Motors Inc (TSLA) Could Go Down Today

As Tesla Motors Inc (NASDAQ:TSLA) is on the brink of announcing another new product, Phil LeBeau of CNBC reminds investors that the company’s stock is a big sell on the news stock.

The comment from the CNBC reporter comes as Tesla Motors Inc (NASDAQ:TSLA) readies for the introduction of its ‘stationary storage units’ or batteries that are meant for home or small business customers to store electricity that their homes or facilities generate through alternative power sources like solar energy.

LeBeau says that this is a “big announcement” tonight for Tesla Motors Inc (NASDAQ:TSLA) in Southern California as its founder and CEO Elon Musk will roll out what they are calling a ‘stationary storage units’. Nonetheless, the CNBC reporter notes that Musk has been talking about this for some time. In fact, he reminds viewers, CNBC first heard of this particular product when it was mentioned couple of years ago when CNCB was touring the Tesla headquarters and Musk was talking about future applications that Tesla would pursue.

According to LeBeau, Tesla Motors Inc (NASDAQ:TSLA) is expected to show two models of the ‘stationary storage unit’ tonight: one that would be for the home [and] another one that would be for small businesses.

“The idea here is that this unit could store power or return the electricity to the grid so if you have solar power in your home, you could then store it there and then at a time that is appropriate, return it to the grid,” LeBeau reports.

He also notes that all of this has to do with Tesla building the “Gigafactory” out in Nevada, its massive battery factory scheduled to open in 2017. The immense facility has the potential to produce up to 500,000 lithium-ion batteries annually, LeBeau notes.

Nonetheless, the CNBC reporter warns investors of the potential of Elon Musk’s company to have a run before a big announcement only to sell off after the announcement.

“As you take a look at shares of Tesla, there was a note earlier this week from Rod Lache of Deutsche Bank saying, ‘Look, there is a lot of potential here that people are not appreciating.’ But we should also point out guys, when there are product announcements from Elon Musk and Tesla, this is a big sell on the news stock, and I wouldn’t be surprised if we see that happen over the next 24 to 48 hours where we’ve seen the run up, now let’s see the news and then afterwards people say, ‘Okay. How big this is going to be?’” LeBeau says.

Tesla Motors, is TSLA a good stock to buy, NASDAQ:TSLA, Phil LeBeau, buy on the rumor sell on the news, stationary storage units, Gigafactory,

Blue Mountain Capital managed by Andrew Feldstein and Stephen Siderow owned 15 million Tesla Motors Inc (NASDAQ:TSLA) shares by the end of the last quarter of last year.

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