Shares of Tesla (NASDAQ: TSLA) declined on Tuesday ahead of its upcoming "Battery Day" presentation. As of 9:50 a.m. EDT, Tesla stock was down 5%.
A series of tweets sent by CEO Elon Musk late on Monday is likely contributing to the decline. In an attempt to reign in investors' expectations, which have grown sky-high in the weeks leading up to Tesla's "Battery Day" event, Musk tweeted:
Important note about Tesla Battery Day unveil tomorrow. This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022.
Source Fool.com