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Tesla CEO’s Cryptic Posts Fuel Speculation, Drive Stock Ahead of “10/7” Tease
Elon Musk, CEO of electric vehicle giant Tesla, has ignited a fresh wave of anticipation and sent company stock soaring following a series of mysterious posts on X, hinting at a significant announcement or product launch scheduled for “10/7.”
The enigmatic messages, shared recently on the social media platform, quickly captured investor attention. Tesla’s stock responded with a notable surge of 4.72% on Friday, putting it on track for its largest single-day percentage gain in just over a week, according to financial reports.
Speculation is rampant regarding the nature of the “10/7” reveal. Among the leading theories circulating are the long-awaited unveiling of the next-generation Roadster, a high-performance vehicle Musk has been touting for years, or the introduction of a new, more affordable mass-market Tesla model.
The next-gen Roadster has been a topic of intense interest since Musk first teased its development in 2017 and 2018. The CEO recently fanned the flames of expectation, stating on X that the “new Roadster is something special beyond a car,” without elaborating further.
Simultaneously, Tesla has previously indicated plans to release a cheaper, mass-market car this year. However, Musk has also suggested that this lower-cost option could be a “stripped down Model Y,” potentially managing expectations for an entirely new budget-friendly design.
While Tesla’s stock has experienced recent upward momentum, it faced headwinds earlier this year. Musk’s increasing engagement in political matters reportedly contributed to a period of investor uncertainty. Despite this, a substantial personal investment of approximately $1 billion by Musk in mid-September provided a significant boost, causing the market value to jump by about $30 per share.
As the “10/7” date draws near, the automotive world and investors alike are eagerly awaiting what promises to be a closely watched announcement from Tesla.