Wall Street Loves Tesla’s New Model 3

Wall Street Loves Tesla’s New Model 3

Tesla recently released its latest vehicle, the Model 3 and shares immediately rose to 6% Friday. The Model 3 will start at $35,000. “Investors have been concerned about delays and cost overruns of the Model X crossover, but Tesla shares have been climbing for the last month as oil prices recover.”

Tesla CEO Elon Musk said Thursday night that the “company had already gotten 115,000 Model 3 deposits.”

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