Canox HK - Elon Musk hints at a cybertruck, but he doesn't give any details

SHEUNG WAN, Hong Kong - Sept. 5, 2023 - PRLog -- TSLA gained gains on Thursday morning.

On Wednesday, Musk uploaded a photo of himself in the Cybertruck at the EV giant's Texas plant. During premarket trading on Thursday, Tesla shares rose 1.8%. On Wednesday, the S&P 500 gained 1.6% to 236.86, making it three consecutive sessions of gains.

"Just drove the production candidate Cybertruck at Tesla Giga Texas!" Musk worked on X. In a separate article, Elon Musk said that he feels the Cybertruck is Tesla's "best product ever."

Musk promised a Cybertruck delivery event at the conclusion of the third quarter in April. Musk, however, did not provide a date for the event or any other details about the car on Wednesday.

"We will do so when we are ready," Musk wrote on X. "It's a very difficult product to build." We're in unknown terrain since it's unlike anything else."

Tesla Stock Price Movement

After a three-week fall, TSLA stock is up approximately 10% for the week. Tesla stock has surged more than 11% in August.

After the carmaker published second-quarter financials on July 19, shares initially fell. Investor fears about declining gross margins overcame the global EV giant's higher-than-expected profits and sales. The news of Cathie Wood's ARK Invest ETF sales may have further spurred some negative momentum.

Last week, Tesla shares fell more than 11% to 215.49, the sixth straight drop. Tesla shares broke through support at the firm's 50-day moving average two weeks ago. According to IBD research, TSLA then plummeted more than 2% below the 10-week line, indicating a definite sell signal.

Canox Investments Limited is firmly committed to providing equal opportunity in all aspects of employment and will not tolerate any illegal discrimination or harassment of any kind. You may visit our website at https://canoxil-hk.com