Tesla stock pops on plans to ramp up affordable car plans
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Tesla: Tesla's plan for affordable cars takes page from Detroit rivals
Elon Musk's new plan to use current product lines as the basis for new affordable vehicles - rather than springing for all-new models - follows the playbook of Tesla's old-school Detroit rivals, as some Tesla investors and analysts see it. The shift toward incremental improvement, mirroring a common strategy of Ford and General Motors, suggests the future of car-making that Musk has promised to disrupt may still look a lot like the past. Musk's new strategy followed an exclusive Reuters report...
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Tesla earnings: Stock surges as Musk says affordable EV still in Tesla's future
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These
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Tesla stock soars 11% in premarket trading after Elon Musk promises affordable EV
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.