Could This Be Tesla Motors Inc’s New Product?Tesla Motors Inc (NASDAQ:TSLA) stock lost about two percent on Friday and closed the session at $196.51, continuing its downward trend.
Then CEO Elon Musk sent a tweet over the weekend that the company’s surprise product now won’t be unveiled until Wednesday, as it needed more refinements. Earlier, he had announced that the unveiling of a new Tesla product would be today (Monday). This does not bode well for TSLA stock or the company’s reputation.