Tesla jumps on pivot to cheaper cars after earnings flop
Joshua PeachMarkets reporter
Updated
Shares in Tesla have advanced more than 10 per cent in after-hours trading following remarks from founder and CEO Elon Musk that the automaker will accelerate the launch of more-affordable models to rescue its sinking revenue.
Tesla snapped a seven-day losing streak on Tuesday, rising 1.8 per cent ahead of the result, but climbed a further 10 per cent in late-hours trading.
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