Tesla Shares Jump As Teasers Spark Buzz Over New Models

Benzinga

Tesla shares jumped over 5% after teaser clips on X hinted at a possible new vehicle reveal on October 7. Investors speculate it could be the long-delayed Roadster or a lower-cost mass-market EV. A new affordable model is seen as vital to boost sales amid slowing European demand and pressure from BYD.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla shares rose more than 5% Monday after the company posted teaser videos on X,

00:07hitting it a possible new vehicle reveal, according to CNBC.

00:10One clip showed a spinning component ending with 10-7,

00:13while another displayed car headlights.

00:15Teasers fueled speculation that Tesla could unveil either the long-delayed next-generation Roadster

00:19or a new mass-market model.

00:22Musk first teased the Roadster in 2017 and recently called it something special beyond a car.

00:27The delivery timelines have repeatedly slipped.

00:29The investors view a lower-cost model is key to reuniting sales amid falling European demand

00:34and fierce competition from China's BYD.

00:37Tesla shares have climbed 40% in the third quarter and are up 12% year-to-date.

00:41For all things money, visit Benzinga.com.

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