Tesla Stock: Three Reasons Why Shares Are Surging After Earnings
Tesla (TSLA) reported worse-than-expected first-quarter earnings and revenue late Tuesday. Investors appeared not to care, sending TSLA shares jumping 12% Wednesday after Chief Executive Elon Musk signaled “more affordable” new models are on the way. Musk also predicted 2024 vehicle deliveries would be higher, stressing Tesla’s focus on full-self driving (FSD) during the earnings call. …