Elon Musk Replies "Reuters Is Lying (Again)", In Response To Tweet Saying "Tesla Scraps Low-Cost Car Plans: Reuters"
Portfolio Pulse from Benzinga Newsdesk
Elon Musk responded to a tweet claiming 'Tesla Scraps Low-Cost Car Plans: Reuters' by stating 'Reuters Is Lying (Again)'. This indicates a denial of the report by Reuters regarding Tesla's plans for a low-cost car.
April 05, 2024 | 3:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Elon Musk's denial of Reuters' report about Tesla scrapping low-cost car plans could influence investor perception, potentially affecting Tesla's stock positively in the short term.
Elon Musk's public denial of the Reuters report directly challenges the credibility of the news, which could lead to positive investor sentiment. Given Musk's influence and the significance of new product plans on Tesla's strategy, this denial could be seen positively by the market, potentially leading to a short-term uptick in TSLA's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90