Tesla jumps as Musk’s promise of ‘more affordable’ cars eases growth fears

Tesla (TSLA.O) shares surged about 10 per cent on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and plans to roll out more affordable models in early 2025.

Investors had been bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister.

The newly minted plans also helped Wall Street...