What investors need to hear from Tesla this week: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 23,

2023 Today's newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market

news on the go with the Yahoo Finance App. Last week in Davos, Elon Musk didn't come up in one chat — on or off the record — among any of the 75+ business leaders that I

talked to at the World Economic Forum.  Even a few drinks in at assorted evening cocktail parties brought no mention of Musk. That's despite Musk trying to insert himself

into the annual event with antagonistic tweets. The bottom line is that the stock market and Corporate America does not revolve around Elon Musk, Twitter, Tesla, SpaceX,

The Boring Company, or anything else tied to the mega-billionaire.  But this week, Tesla's earnings report due out after the close of trading on Wednesday will certainly

bring attention to the core of Musk's business empire.  And for the bull case to be recharged on Tesla stock, I fancy two things need to happen. The first is

investors have to get clear guidance from Musk on how long recent global price cuts will remain in place. Recall Tesla cut the price of the Model 3 base version by $3,000

to $43,990 in the U.S. earlier this month. The Model 3 Performance variant saw a price cut of $9,000 to $53,990. As for the Model Y Long Range, the price was dropped $13,000 to

$52,990. The Performance model was cut to $56,990, about $13,000 cheaper than the prior price.