March 11 - Tesla (TSLA, Financial) shares rebounded in premarket trading on Tuesday after a steep decline exceeding 15% on Monday. In a striking display of support, President Donald Trump expressed confidence in CEO Elon Musk, stating he would purchase a new Tesla vehicle.
Analysts at Wedbush Securities, led by Dan Ives, expect the launch of a new model priced under $35,000 this summer to spark global consumer interest and drive delivery rates toward a two?million run rate. Ives also highlighted the forthcoming rollout of Tesla's unsupervised full self?driving system in Austin, Texas, which is projected to revolutionize the autonomous market, valued at over one trillion dollars.
Tesla is being closely watched by investors and industry watchers as the company turns the corner, spinning into market volatility with renewed momentum and transformative innovation.
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