Electric car company, Tesla's shares, rose 5% during Wednesday's trading session after the firm announced it will reintroduce its low-cost Rear-wheel drive (RWD) Model Y SUV, which can now be ordered on its website starting at $32,890, after $7,500 federal tax credit and other discounts.
Tesla's stocks resisted the latest sales report for the third quarter, which showed that the company sold 435,059 units, a much lower figure than expected. However, the company assured that the volume target of 1.8 million for the total of 2023 has not changed.
Tesla soared by 5.03% at 2:58 pm ET to sell for $258.9300.
