Reuters earlier reported that Tesla had cancelled its plans to produce a cheap version of electric vehicles. However, Musk immediately denied the news on social media. At the same time, Musk said that it will launch self-driving taxis on August 8.
The news affected Tesla’s stock price to rebound on Friday. Tesla’s stock price plunged 6.2% after the news of cancelling the production plan of the cheap version of electric vehicles, to a low of $160.51; afterwards, with Musk’s refutation post, Tesla’s stock price quickly narrowed its decline and rose in after-hours trading.
Tesla originally hoped to launch self-driving taxis in 2019, but there has been no further news.
+ There are no comments
Add yours