A Tesla (TSLA) Cybertruck exploded outside the Trump International Hotel in Las Vegas on New Year's Day, killing the person inside and injuring seven others.
President Joe Biden said that law enforcement was investigating "whether there's any possible connection with the attack in New Orleans," where a man intentionally drove a rented pickup truck into a crowd of people celebrating New Year's on Bourbon Street, leaving at least 15 dead and 30 injured.
"We have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried in the bed of the rented Cybertruck and is unrelated to the vehicle itself," Tesla Chief Executive Officer (CEO) Elon Musk said in a post on X. "All vehicle telemetry was positive at the time of the explosion."
The Cybertruck explosion comes as Tesla prepares to post what analysts expect will be record number of deliveries in the fourth quarter, although they also see the full-year total lagging the company's forecast.
Tesla shares are up 1.6% in premarket trading after having fallen 12.6% in the last four sessions. Still, they have gained 60% since Election Day on investors' expectations of a boost to the company from Musk's close ties to President-elect Donald Trump.
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