Tesla Shares Rise Despite Quarterly Results Miss

Frankfurt, Germany - Tesla shares gained 3.6% in Frankfurt trading on Thursday, March 9, despite quarterly results falling short of analyst expectations.

The electric vehicle maker reported lower-than-anticipated earnings, but CEO Elon Musk said the company is on track to launch new, more affordable models in the first half of 2025. Tesla also announced plans to test a paid autonomous car service in June and implement cost-cutting measures.