Elon Musk Shuts Down Smartphone Rumors: 'We Are Not Going To Do A Tesla Phone'
Portfolio Pulse from Ananya Gairola
Elon Musk has officially dismissed rumors about a potential Tesla smartphone, stating that Tesla will not be entering the smartphone market. This announcement was made during a livestream where Musk covered various topics. The speculation had gained traction last year when Musk hinted at an 'alternative phone' following his acquisition of Twitter.
June 10, 2024 | 6:18 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Elon Musk has confirmed that Tesla will not be entering the smartphone market, putting an end to ongoing rumors. This clarification removes any uncertainty regarding Tesla's product strategy in the near term.
The confirmation from Elon Musk that Tesla will not be entering the smartphone market removes any speculation and uncertainty about the company's product strategy. This is neutral news for Tesla's stock as it does not impact the core business operations or financial outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100