Tesla stock up after Elon Musk says new affordable EV models coming
Tesla shares surged more than 10% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
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Tesla shares surged more than 10% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
In addition to financial results, investors will be watching for progress in CEO Jim Farley's "Ford+" restructuring plan and any changes to its EV rollout.
Wall Street expects GM to report solid results for the first quarter, with vehicle pricing remaining higher than anticipated.
Tesla is set to release first-quarter earnings on Tuesday following a dismal deliveries report earlier this month.
Tesla is eliminating about 12% of its workforce at a factory in Austin, Texas, where the electric vehicle company is headquartered.