_tesla-stock-soars-12-as-elon-musk-promises-more-affordable-electric-vehicles.jpg "Tesla Stock Soars 12% as Elon Musk Promises More Affordable Electric Vehicles from z8 price Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 1.3M times
✓ Published: 26-Apr-2024
👁 View: 1.3M times
✓ Published: 26-Apr-2024
Description:
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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_analysts-predict-chevron-and-exxonmobil-will-report-lower-q1-profits-despite-rising-oil-prices.webp "Chevron and ExxonMobil are expected to report lower first-quarter profits than last year despite higher oil prices. Falling natural gas prices and lower refining margins impacted the oil majors' results. Natural gas makes up about a third of Chevron's hydrocarbon production, and prices were down 20% year over year. Investors will watch for updates on Chevron's proposed Hess acquisition and ExxonMobil's dispute over the deal. Analysts expect oil prices to remain above $80 but profits to decline in coming quarters."){kind=icon}
⏲ 0:38 👁 1.4M
_boycott-of-kkb-polls-will-come-at-a-price-mic-man-warns.webp "Hulu Selangor MIC chief K Balasundaram says a Perikatan Nasional victory will have no effect on the state or federal governments and won’t improve the Indian community’s wellbeing.<br/><br/><br/>Read More: https://www.freemalaysiatoday.com/category/nation/2024/04/29/boycott-of-kkb-polls-will-come-at-a-price-mic-man-warns/<br/><br/><br/>Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.<br/><br/>Subscribe to our channel - http://bit.ly/2Qo08ry<br/>------------------------------------------------------------------------------------------------------------------------------------------------------<br/>Check us out at https://www.freemalaysiatoday.com<br/>Follow FMT on Facebook: https://bit.ly/49JJoo5<br/>Follow FMT on Dailymotion: https://bit.ly/2WGITHM<br/>Follow FMT on X: https://bit.ly/48zARSW <br/>Follow FMT on Instagram: https://bit.ly/48Cq76h<br/>Follow FMT on TikTok : https://bit.ly/3uKuQFp<br/>Follow FMT Berita on TikTok: https://bit.ly/48vpnQG <br/>Follow FMT Telegram - https://bit.ly/42VyzMX<br/>Follow FMT LinkedIn - https://bit.ly/42YytEb<br/>Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj<br/>Follow FMT on WhatsApp: https://bit.ly/49GMbxW <br/>------------------------------------------------------------------------------------------------------------------------------------------------------<br/>Download FMT News App:<br/>Google Play – http://bit.ly/2YSuV46<br/>App Store – https://apple.co/2HNH7gZ<br/>Huawei AppGallery - https://bit.ly/2D2OpNP<br/><br/>#FMTNews #PRK #KualaKubuBaharu #MIC #IndianVoters")
_ibm-stock-plummets-as-disappointing-q1-sales-growth-as-it-aims-to-boost-revenue-and-profit-margins-with-366-4-billion-ha.webp "IBM's stock price dropped 9% after hours as its first-quarter sales growth of 1% to $14.5 billion disappointed investors. IBM's consulting division, it's second-largest, reported flat revenues of $5.2 billion, reflecting a \")
_meta39s-stock-plummets-19-after-earnings-call-wiping-out-36200-billion-in-market-value.webp "Meta's stock price dropped nearly 19% after hours on Wednesday, wiping out over $200 billion in market value following the company's first-quarter earnings call. On the call, Meta CEO Mark Zuckerberg spent most of his opening remarks focusing on the company's investments in AI and the metaverse rather than advertising, which currently generates 98% of revenue. Zuckerberg discussed projects like Meta AI, augmented reality glasses, and the company's mixed reality headset operating system, which could enable future monetization.")
_bank-of-japan-holds-policy-rate-steady-amid-lower-than-expected-inflation.webp "The Bank of Japan kept its policy rate unchanged at 0% to 0.1% after its monetary policy meeting. This comes after Tokyo's April inflation was lower than expected at 1.6% versus estimates of 2.2%. The BOJ will continue bond purchases in line with its March decision of around $83 billion monthly. The yen weakened further against the dollar after the decision, trading around 156 yen to the dollar. BOJ Governor said exchange rate volatility could significantly impact the economy and prices.")
_housing-shortage-driving-prices-rent-or-buy.webp "Finding an apartment in many big cities is a matter of luck. Rents are rising everywhere, but so are property prices. So should you rent or buy? We took a look at Germany, the US and India.")
_leeds-locals-reflect-on-scotlands-minimum-alcohol-unit-price-rise.webp "With Scotland raising its minimum alcohol unit price to 65p, Leeds locals reflect on the initiative and discuss what difference they think such a rise would make in England.")
_oil-price-rollback-asahan-sa-susunod-na-linggo-124-saksi.webp "Saksi is GMA Network's late-night newscast hosted by Arnold Clavio and Pia Arcangel. It airs Mondays to Fridays at 11:00 PM (PHL Time) on GMA-7. For more videos from Saksi, visit http://www.gmanews.tv/saksi.<br/><br/>News updates on COVID-19 (coronavirus disease 2019) and the COVID-19 vaccine: https://www.gmanetwork.com/news/covid-19/<br/><br/>#Nakatutok24Oras<br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA News and Public Affairs Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/><br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe<br/><br/><br/>")
_analysts-predict-chevron-and-exxonmobil-will-report-lower-q1-profits-despite-rising-oil-prices.jpg){kind=icon}
_boycott-of-kkb-polls-will-come-at-a-price-mic-man-warns.jpg)
_ibm-stock-plummets-as-disappointing-q1-sales-growth-as-it-aims-to-boost-revenue-and-profit-margins-with-366-4-billion-ha.jpg)
_meta39s-stock-plummets-19-after-earnings-call-wiping-out-36200-billion-in-market-value.jpg)
_bank-of-japan-holds-policy-rate-steady-amid-lower-than-expected-inflation.jpg)
_housing-shortage-driving-prices-rent-or-buy.jpg)
_leeds-locals-reflect-on-scotlands-minimum-alcohol-unit-price-rise.jpg)
_oil-price-rollback-asahan-sa-susunod-na-linggo-124-saksi.jpg)
![[+]](/images/menu.gif){kind=small}