Elon Musk gave Tesla investors the one thing they've been demanding — and it worked brilliantly
Tesla is moving up production for cheaper cars, Elon Musk said on Tuesday.
Christian Marquardt via Getty Images
- Elon Musk said Tesla will get cheaper electric vehicles out sooner.
- The move came after Tesla lowered prices due to falling sales and increasing competition.
- Tesla's first quarter was marked by fewer deliveries, layoffs, and a stock rout.
Elon Musk dangled a long-awaited prize — cheaper Tesla models — in front of investors on Tuesday. It sent stock soaring.
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