Tesla's Q1 report: Revenue drops, but shares jump on Elon Musk's plan to launch new models

Tesla said Tuesday it had pulled forward the launch of new models, sending its shares up 6% in trading after the bell.“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,” the company said in a filing.“This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times,” Tes ...