_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 bgt competitions 2020 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: 540K times
✓ Published: 26-Apr-2024
👁 View: 540K 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
_tambora-and-nt-governments-secretive-beetaloo-basin-gas-deal-criticised-by-industry-experts.webp "The Northern Territory government has defended its handling of a deal to buy gas from the Beetaloo Basin, amid criticism around its secrecy. Among those questioning the deal with Tamboran Resources is another gas company, which says it would have liked to have seen the tender opened to competition from multiple companies.")
⏲ 2:5 👁 415K
_kim-kardashian-amp-kamala-harris-inside-white-house-roundtable-on-criminal-justice-reform-124-oneindia.webp "Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change. <br/> <br/>#KimKardashian #KamalaHarris #WhiteHouse #WhiteHouseRoundTable #JoeBiden #TheKardashians #VPKamalaHarris #Oneindia<br/>~PR.274~HT.101~HT.98~GR.122~")
⏲ 2:1 👁 490K
_how-two-designers-built-a-celebrity-favorite-fashion-brand-with-zero-capital-raised.webp "An LVMH Prize 2023 finalist, Paolina Russo is a London-based fashion brand founded by Paolina Russo and Lucile Guilmard. The knitwear brand is influenced by Russo's suburban upbringing in Canada, and Guilmard's French folklore references. In 2020, Russo struck a deal to sell her thesis collection of knitwear at the Montreal-based luxury retailer Ssense and inked a deal with Adidas to design a collection for Adidas Originals, as well as Olympic-themed pieces timed to the Tokyo Games. In November 2023, Russo partnered with digital fashion platform Sknups to translate three key looks of its fall 2023 collection for Roblox. This year, the pair landed a deal with Nordstrom, which will stock the brand's pieces as of this month. Celebrities like Rihanna, Kim Kardashian, Caroline Polachek, FKA Twigs, Kylie Jenner and Phoebe Bridgers have been spotted wearing their designs.<br/><br/>Read the full story on Forbes: https://www.forbes.com/30-under-30/2024/europe/art-culture<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_pre-novice-women-short-program-flight-c-rink-a-combined-spring-invitational-sunsational-star-5-gold92-competitive.webp "Competition Information:<br/>https://skateabnwtnun.ca/event/2024-combined-spring-invitational-560-764-676-691-653-550/<br/>")
_neil-bodybuilder-muted.webp "Neil Rennie from Larne was crowned Novice champion at both the PCA Saxon Classic in Stafford on April 7 and PCA Scotland competition in Glasgow on April 14.")
_deland-mccullough-on-clyde-edwards-helaire-and-darwin-thompson.webp "Kansas City Chiefs running backs coach Deland McCullough talks about rookie Clyde Edwards-Helaire and second-year back Darwin Thompson and what they can do in 2020.")
_muscle-2019.webp "Muscle is a 2020 British thriller written and directed by Gerard Johnson. The film stars Craig Fairbrass as Terry, a hands-on personal trainer that gradually takes over the life of Simon (Cavan Clerkin), a jaded office worker. The film was released in the United Kingdom on 4 December, 2020.")
_young-news-readers-seek-truth-and-reliability-says-researcher.webp "<br/>The spread of fake news through social media platforms is making readers to turn to reliable content from reputable news organisations, says a media researcher.<br/><br/>During the \")
_tambora-and-nt-governments-secretive-beetaloo-basin-gas-deal-criticised-by-industry-experts.jpg)
_kim-kardashian-amp-kamala-harris-inside-white-house-roundtable-on-criminal-justice-reform-124-oneindia.jpg)
_how-two-designers-built-a-celebrity-favorite-fashion-brand-with-zero-capital-raised.jpg)
_pre-novice-women-short-program-flight-c-rink-a-combined-spring-invitational-sunsational-star-5-gold92-competitive.jpg)
_neil-bodybuilder-muted.jpg)
_deland-mccullough-on-clyde-edwards-helaire-and-darwin-thompson.jpg)
_muscle-2019.jpg)
_young-news-readers-seek-truth-and-reliability-says-researcher.jpg)
![[+]](/images/menu.gif){kind=small}