TSLA: Tesla Stock Pops Over 5% as Markets Shrug Off Bad Quarter for Low-Priced Car Reveal

Turns out, looking forward to something good is better than looking back at something bad — that’s what traders just did and Tesla got a pump.

🚗 Tesla Stock Jumps as Market Bets on Budget EV

• Bad quarter? Sure. But a cheaper Tesla in 2025? Now we’re talking. Tesla TSLA shares jumped more than 5% on Wednesday, as investors brushed off weak earnings and focused instead on what’s coming next — a low-priced electric vehicle is still on track for the first half of 2025.
• On paper, it wasn’t pretty. Sales, operating income, and profit margin all fell year over year. But that wasn’t exactly a surprise: the EV giant had already reported a 13% drop in first-quarter deliveries, and Wall Street came into the earnings print expecting pain.

📅 Affordable Model Timeline Stays Intact

• What bulls weren’t expecting? A lifeline in the form of clarity and sticking to the schedule. Tesla confirmed in its earnings report that plans for a more affordable vehicle remain intact, saying it’s sticking to a first-half 2025 production start.
• “Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,” the report said.

📉 DOGE Duties to Wind Down

• No prototype has been shown yet, but excited Tesla fans expect a variation of the Cybercab concept revealed last fall — a sleek, ride-hailing-ready EV that could double as Tesla’s entry-level offering.
• Also lifting sentiment: CEO Elon Musk said his time allocation to DOGE (Department of Government Efficiency) will “drop significantly” starting in May. That’s been a sore spot for investors worried that Musk’s growing political duties were distracting the billionaire from the EV business — and leading to waning demand in Tesla’s core base of buyers.
• Bottom line? The quarter was rough. But the roadmap ahead — lower prices, more focus, and a still-engaged Musk — was enough to spark a bounce. And in this market, that’s all it takes.