
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.