Tesla CEO Elon Musk Denies Reports of Canceling Affordable Electric Car – Stock Market Reacts!
New York City, New York – Tesla Inc. saw a significant drop in its shares during intraday trading, which were later recovered after CEO Elon Musk refuted a report suggesting the cancellation of plans for a more affordable vehicle. The stock initially fell 6.2% following a report by Reuters claiming the project’s termination, backed by anonymous sources and company messages. However, Musk’s denial led to a subsequent 1.3% decrease in shares by 1 p.m. in …