Tesla Traders Sell The News Of Model S, Model X Updates
Musk has been known to move Tesla shares with just a single Tweet. Shares hit an intra-day low of $222.80 but traded as high as $228.49, up more than 2 percent on the day.
So what was the big announcement? A a new version of Tesla's Model S and Model X vehicles.
Tesla says its Model S P100D with Ludicrous mode is the fastest production car in the world, in terms of acceleration, with a 100 kilowatt hour battery, with a 315 mile EPA range.
"I think this is going to send a great message to the public that sustainable transport is the future," said Musk. The Model X P100D (also with Ludicrous mode) is built to go from 0 to 60 miles per hour in 2.9 seconds and will be able to travel 289 miles on a single charge.
The Model S will start at $134,500 and the Model X will start at $135,500.
Shares traded recently at $224.63, up about 0.7 percent on the day.
Click here to see how Elon Musk's tweets impact Tesla's stock.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.