Tesla Shares Climb 5.44% as Musk Addresses Cybertruck
Tesla shares rose during U.S. trading as Elon Musk defended the decision to end Cybertruck production and refund deposits while introducing the Cybercab.
Tesla (TSLA) shares advanced 5.44% to trade at $377.71 during the U.S. market session, moving up from a previous close of $358.22. The stock fluctuated within a day range of $360.02 to $377.94 with a volume of 6,877,714.
According to recent reports, Chief Executive Elon Musk stated that Tesla will refund a significant portion of Cybertruck deposits and defended the decision to end production of the vehicle. The move coincides with reports that Tesla China sales recently sank to a four-year low, even as the company launches the Robotaxi in a new market and brings the Cybercab to the production line.
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Key facts
- Share Price: $377.71
- Daily Change: +5.44% ($358.22 previous close)
- Day Range: $360.02 – $377.94
- Volume: 6,877,714
- 52-Week Range: $297.38 – $498.83
The 52-week trading range for Tesla shares stands between $297.38 and $498.83. The equity remains actively traded as markets process the shift in vehicle production strategy and ongoing developments in international markets.
Source: bullishmarketcap.com
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