Stock market today: Tesla shares pop as Elon Musk's promise of cheaper EVs charms investors [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Meanwhile, Nasdaq futures rose 0.6% and S&P 500 futures ticked up 0.2%. Tesla 's stock rallied before the opening bell on Wednesday as investors reacted to the electric car maker's first-quarter earnings report. Shares rose as high as 13% in premarket trading and were still up 10% shortly after 5 a.m. ET, putting the company's valuation on course to rise by about $45 billion. The gains came after Tesla's earnings of $0.45 per share for the three months ending March 31 missed analysts' expectations. Traders appeared to shrug off those disappointing results and instead focus on the "Magnificent Seven" company's promise of producing new, more affordable EVs from next year. "We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025," Tesla said. Tesla's announcement is a "positive story," Sophie Lund-Yates, Hargreaves Lansdown's lead equity analyst, wrote in a morning r
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News
- Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network]FOX Business Network
- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune]Fortune
- Have the wheels come off for Tesla? [Yahoo! Finance]Yahoo! Finance
- Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package [Business Insider]Business Insider
- Tesla in Turmoil as Musk Makes Multiple Controversial Moves [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/3/24 - Form DEFA14A
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website