Tesla surges after Elon Musk says new affordable EV models coming

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Tesla shares surged 11% during premarket trading Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

Tesla shares surged 11% during premarket trading on Wednesday after CEO Elon Musk said the electric vehicle company plans to begin production of new affordable EV models by early 2025.

They also expressed bullish optimism that Tesla demonstrated a positive business outlook as it prepares to launch new vehicle models and license its driver assistance system.

 

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