Tesla stock soars 11% in premarket trading after Elon Musk promises affordable EV

Tesla’s stock soared by more than 11% in pre-market trading early Wednesday morning after CEO Elon Musk said the company would accelerate the rollout of more affordable electric vehicles in hopes of boosting sagging profits.Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report, released on Tuesday, that showed profit fell to its lowest in any three-month period since 2021.Dan Ives, senior analyst at Wedbush Securit ...