Tesla (TSLA.US) is moving up its timetable for launching affordable cars by a year, hoping to boost weak demand after the Company reported disappointing 1Q24 results, according to Bloomberg.
The Company aims to start production of its new models as early as this year, well ahead of its previous commitment of the end of 2025. This move caused the Company's share price to spike 13% in after-hours trading last night (23rd), preventing it from becoming the largest loser among S&P 500 constituents YTD.
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