Tesla Stock Jumps in After-Hours Trading
Latest Updates on TSLA After-Hours Trades
Tesla Inc (TSLA) shares surged in after-hours trading on Tuesday, August 23, following the company's announcement that it would accelerate the launch of more affordable electric vehicles.
The after-hours surge came despite Tesla reporting a miss on its quarterly earnings. However, investors were encouraged by the company's plans to expand its product line and make its vehicles more accessible to a broader range of consumers.
Key Takeaways
- Tesla shares rose by 4% in after-hours trading.
- The gain reversed some of the losses incurred during the regular trading session.
- The company announced plans to accelerate the launch of more affordable electric vehicles.
- Analysts remain bullish on Tesla's long-term prospects.
Tesla's stock has been volatile in recent months, but it has generally trended upwards. The company is benefiting from the growing demand for electric vehicles, and its brand name is well-known among consumers.
Analysts remain bullish on Tesla's long-term prospects. The company is a leader in the electric vehicle industry, and it has a strong track record of innovation.
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