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Tesla (TSLA) Shares Gain as Musk Tweets New Car Details
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Shares of Tesla (TSLA - Free Report) saw a nice mid-afternoon pop on Thursday, eventually closing out the day more than 2.4% higher. The move seemed to be initiated by a series of tweets from chief executive Elon Musk that revealed the company’s plans for releasing new vehicle models.
The tweet storm started with Musk announcing Tesla’s upcoming unveiling of its highly-anticipated semi-truck:
Tesla Semi truck unveil set for September. Team has done an amazing job. Seriously next level.
So what did we learn today? Well, we got a rough timeline for Tesla’s semi-truck reveal. We’ve known that Tesla was working on a semi-truck, as Musk mentioned it in his second Master Plan, but the only real detail there was that the project was in “the early stages of development.”
It’s worth noting that Musk mentioned his semi-truck plans alongside his intentions to develop an electric high passenger-density urban vehicle, which we still don’t know much about.
Musk also came us a timeframe for the Tesla pickup truck—another project that was briefly mention in the Master Plan, Part Deux. We can also expect a convertible from Tesla eventually, and we will be getting the final details on the Model 3 this July.
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Tesla (TSLA) Shares Gain as Musk Tweets New Car Details
Shares of Tesla (TSLA - Free Report) saw a nice mid-afternoon pop on Thursday, eventually closing out the day more than 2.4% higher. The move seemed to be initiated by a series of tweets from chief executive Elon Musk that revealed the company’s plans for releasing new vehicle models.
The tweet storm started with Musk announcing Tesla’s upcoming unveiling of its highly-anticipated semi-truck:
After that, Musk revealed more of the company’s plans in a series of replies to other Twitter users:
So what did we learn today? Well, we got a rough timeline for Tesla’s semi-truck reveal. We’ve known that Tesla was working on a semi-truck, as Musk mentioned it in his second Master Plan, but the only real detail there was that the project was in “the early stages of development.”
It’s worth noting that Musk mentioned his semi-truck plans alongside his intentions to develop an electric high passenger-density urban vehicle, which we still don’t know much about.
Musk also came us a timeframe for the Tesla pickup truck—another project that was briefly mention in the Master Plan, Part Deux. We can also expect a convertible from Tesla eventually, and we will be getting the final details on the Model 3 this July.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>