Tesla stock rose 13% after Elon Musk announced new plans starting in 2025.

Black Section Separator Image Source Google.com By- Anara

Musk plans to speed up production of Tesla's new models. Which will start in early 2025.

[{"selector":"#anim-5b4adbf0-1dcf-4644-91ec-9119e742d982","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1767b61-b556-4ecf-82e8-031a2dd1f3db","keyframes":{"transform":["translate3d(0px, 97.50632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-710d9bca-5370-46c2-aab8-5b320964bf6d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf8754c6-08aa-4d2d-876a-413ef7758f0d","keyframes":{"transform":["translate3d(0px, 219.67984%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-233fd8ce-abed-48ef-b2c9-747a48cd581d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.8907562998937735%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator Image Source Google.com

Tesla has seen its stock fall by more than 40% this year as it faces several challenges in China.

[{"selector":"#anim-add4bd20-ba78-43d6-9249-23699539cad3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dfff504b-94f4-4e44-a77f-7b26ee5f6823","keyframes":{"transform":["translate3d(0px, 97.50632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b5c44b6-9277-4d35-a087-0c8580102970","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bce16a05-df0e-4b9c-8ea8-97b4897cb46a","keyframes":{"transform":["translate3d(0px, 219.67984%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e58d2152-2eb4-492d-9167-797d57306dc1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.341017429293517%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator Image Source Google.com

The price cuts were due to slow sales growth in EVs. Profits were reduced by 18% to stimulate demand.

[{"selector":"#anim-c449949f-6fff-44cc-8df9-3a360d958781 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.9731457597839395%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-05236876-2493-470c-844b-7dfc1c4af482","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8612db4e-5ac4-439c-8ee8-4eef90815496","keyframes":{"transform":["translate3d(0px, 97.50632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d73a4be4-d5c5-4210-ac52-6ba7b3591125","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcefb636-039d-4553-aa6c-a082ff4eab0b","keyframes":{"transform":["translate3d(0px, 219.67984%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Black Section Separator Image Source Google.com

Tesla saw negative free cash flow in the quarter, leading to a loss of $2.53 billion.

[{"selector":"#anim-a211f259-96e4-494d-bd6a-dd20290b1327 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.372122677810584%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0c3b84a9-27cd-420b-a0cc-e3b16309df7b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37ec5ac0-86c3-449c-a82b-b5c42a576e6a","keyframes":{"transform":["translate3d(0px, 97.50632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53db1cef-da41-4b18-bef3-852b442f3226","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd2f9fda-f9a5-4799-90b2-b9a440fcb114","keyframes":{"transform":["translate3d(0px, 219.67984%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Black Section Separator Image Source Google.com

Tesla is the first to warn investors about potentially lower volume growth rates for 2024 than 2023.

[{"selector":"#anim-787f13b8-1ef1-464f-aa0f-45f1fbe603f9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9ab3094-3e07-4735-983f-8e21ea8664ed","keyframes":{"transform":["translate3d(0px, 97.50632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e5f232a-e2e8-4b17-993b-55f936c1c536","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-107c6b9e-d548-4ef2-89dd-e3413302e513","keyframes":{"transform":["translate3d(0px, 173.97465%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5767d4ab-6f59-44e2-9a43-00b6df65e960 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator Image Source Google.com

Share the story if you like it.

[{"selector":"#anim-624e04c4-2761-4d6c-b709-910910916c70 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-13.83433213225294%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-046ad990-6ec2-42f3-a370-7780b500450b","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Tesla CEO Elon Musk reacts to Waymo robotaxi Up Next Image Source freepik.com Elon Must Racacts