Elon Musk Apologizes To 'Long Suffering' Deposit Holders Of New Tesla Roadster, But Says The Delay Is 'Cherry On The Icing On The Cake'
Portfolio Pulse from Rounak Jain
Elon Musk announced further delays for the Tesla Roadster, originally set for a 2020 release, now potentially postponed until after 2025. The delay is attributed to prioritizing sustainable projects. Despite the delay, Tesla's stock rose over 12% in after-hours trading.
October 24, 2024 | 6:27 am
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Elon Musk announced potential further delays for the Tesla Roadster, prioritizing sustainable projects over its production. Despite this, Tesla's stock rose over 12% in after-hours trading.
The announcement of further delays for the Tesla Roadster could have been perceived negatively, but the stock's 12% rise in after-hours trading suggests investors are focusing on Tesla's broader strategy and potential. The prioritization of sustainable projects and the potential inclusion of SpaceX technology may have positively influenced investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100