Tesla (NASDAQ:TSLA) teased an upcoming event for October 7 on Sunday, fueling speculation about a lower-cost model that could help maintain its sales momentum.
In a ten-second video posted on the social media platform X, the Elon Musk-led automaker showed a vehicle with its headlights illuminated in a dark setting. The company hinted at an event scheduled for Tuesday in a separate video that had “10/7” at the end.
A group of Tesla (NASDAQ:TSLA) shareholders and state officials last week called on investors to vote against CEO Elon Musk’s $1T compensation plan and the re-election of three board directors at next month’s annual meeting.
The group highlighted Tesla’s (NASDAQ:TSLA) “negative and highly volatile” operational and financial performance, mounting EV competition, and lack of board independence, among other issues.
Tesla (NASDAQ:TSLA) delivered 497.1K vehicles in the third quarter, a quarterly record for the company, and surpassed consensus estimates for 448K deliveries as buyers rushed to capitalize on the end of the $7,500 government tax credit.