Tesla Stock Surges 12% on Elon Musk's Plan for More Affordable EVs 🚗
Tesla's shares soared 12% after Elon Musk announced faster development of budget-friendly electric vehicles, signaling a boost for consumers and investors alike.
About this video
Tesla's stock price jumped 12% on Wednesday after CEO Elon Musk said the company would accelerate the rollout of more affordable electric vehicle models. Musk did not provide details on the cheaper EVs but said they would use Tesla's current manufacturing platforms and production lines. Analysts saw this as a sign Tesla had retreated from previous plans for an all-new $25,000 vehicle and would offer stripped-down versions of existing models. Competition and high costs have eaten into Tesla's bottom line after years of rapid growth, putting pressure on Musk to cut prices.
Video Information
Views
556
Total views since publication
Duration
0:36
Video length
Published
Apr 25, 2024
Release date
About the Channel
Related Trending Topics
LIVE TRENDSThis video may be related to current global trending topics. Click any trend to explore more videos about what's hot right now!
THIS VIDEO IS TRENDING!
This video is currently trending in Sweden under the topic 'elon musk'.
Trending Now Globally
Share This Video
SOCIAL SHAREShare this video with your friends and followers across all major social platforms including X (Twitter), Facebook, Youtube, Pinterest, VKontakte, and Odnoklassniki. Help spread the word about great content!