Tesla Shares Surge on Cryptic Product Tease from Elon Musk
Tesla Shares Surge Amid Cryptic Product Tease
Shares of Tesla Inc. (TSLA) soared over 5.4% in Monday trading, fueled by a series of enigmatic posts on social media platform X. The electric vehicle giant hinted at an upcoming product unveiling scheduled for October 7, igniting excitement among investors and fans alike.
On Sunday, Tesla shared captivating gifs featuring a spinning company logo alongside the date “10/7” and visuals of headlights piercing through smoke. This cryptic marketing strategy has left many speculating about what the company might reveal.
If the announcement occurs as anticipated, it will mark Tesla’s first major product launch since the unveiling of its self-driving “Robotaxi” in October 2024. The buzz surrounding the potential reveal has reignited interest in the company, especially after CEO Elon Musk teased on X last month that the new Roadster is “something special beyond a car.” The second-generation Roadster, first introduced in 2017, has yet to hit the market, further heightening anticipation.
The product tease comes on the heels of positive news for Tesla. On October 2, the company reported a 7% increase in electric vehicle deliveries for the third quarter compared to the same period last year, surpassing Wall Street expectations. Analysts attribute this growth, in part, to the recent expiration of a federal electric vehicle tax credit worth up to $7,500, which has spurred demand. Rivian (RIVN), another player in the EV market, also reported increased delivery figures during this time.
Despite a challenging first half of 2025, where deliveries fell approximately 13% year-over-year in both the first and second quarters, Tesla appears to be regaining momentum. Musk’s focus on political matters in Washington during that period may have contributed to the decline.
As Tesla prepares to report its earnings on October 22, with an annual shareholder meeting set for November 6, all eyes will be on the company to see if it can maintain this upward trajectory and deliver on the excitement generated by its latest product tease.
Stay tuned as Tesla fans and investors alike await what could be a game-changing announcement in the electric vehicle landscape.