Teslas Share Spiked 13% After Musk’s New EV Production Statement
Teslas Aktie stieg um 13 % nach Musks neuer Produktionserklärung für Elektrofahrzeuge Tesla, the giant of the automotive sector, reported a 9% decline in revenue in Q1 of 2024, the most significant decline since 2012. Elon Musk announced that new EV cars would be affordable by early 2025, which suddenly spiked Teslas share. Sales growth across EVs is declining, and Tesla and critical competitors have been cutting EV prices. Teslas Current Performance The year 2024 wasnt a good start for the automotive and energy company, as the company reported a 9% decline in revenue in Q1 2024. On Tuesday, the company experienced a 9% drop in shares, which is one of the most significant declines since 2012. However, the trend flipped, and the stock jumped as the CEO, Elon Musk, announced the production of new affordable EV models. “The production of the new affordable EV models could begin sooner than expected,” said Musk. Furthermore, Musk stated Teslas investments in Artificial Intelligence (AI) infrastructure and had a detailed discussion with one major automaker. The discussion is anticipated to license the driver assistance system, which is considered one of the US‘s full self-driving (FSD) options. The statement simply spiked Tesla’s shares to 13% after-hours. Before the hike, the company





