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Benzinga
Benzinga
Business
Dylan Berman

Tesla Shares Are Trading Higher Monday: What's Going On?

Tesla

Tesla, Inc. (NASDAQ:TSLA) shares are trading higher Monday after the company teased a Tuesday event where the electric vehicle maker is expected to discuss a more affordable EV model.

What To Know: Tesla posted a nine-second video on X showing a vehicle with its headlights illuminated against a dim background, followed by another clip ending with "10/7," suggesting the company is set to release a new product. The teaser fueled speculation that the company could unveil a lower-cost vehicle to help sustain sales momentum, per Reuters.

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