Tesla shares soar: the company plans to release more affordable electric cars by the end of this year
Kyiv • UNN
Tesla's profits fell in the first quarter of 2024, but its promise to release more affordable electric cars this year boosted its share price by 11%.
Tesla increases the value of its shares on the stock exchange after promising more affordable electric cars. This was reported by Bloomberg, according to UNN.
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In the first quarter of 2024, electric car maker Tesla's profits declined significantly, but the promise of more affordable cars raised the company's stock price on the New York Stock Exchange.
According to the information, the company plans to release more affordable electric vehicle models by the end of this year, which was previously set as a goal for next year. This decision triggered a positive reaction in the stock market, increasing Tesla's share price by 11%.
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Although it was initially unclear whether it was the model known as the Model 2 or another car, investors nevertheless welcomed the acceleration of the release of more affordable models.
