Tesla shares climbed 4% in after-hours trading Wednesday as enthusiasm for self-driving advancements overshadowed weaker-than-expected Q4 earnings. CEO Elon Musk said Tesla’s full self-driving software is making progress. Unsupervised testing is set to begin at the Austin factory in June with a potential public rollout later this year. The company reaffirmed its goal to grow vehicle sales after last year’s decline and maintained plans to produce a more affordable model in the first half of the year, though details remain undisclosed. Tesla’s stock has more than doubled in the past year, driven partly by post-election optimism over Musk’s ties to Trump.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares climbed 4% in after-hour trading Wednesday as enthusiasm over
00:06its self-driving advancements overshadowed weaker-than-expected Q4 earnings.
00:12CEO Elon Musk said Tesla's full self-driving software is making progress.
00:16Unsupervised testing is set to begin at the Austin factory in June,
00:20with a potential public rollout later this year.
00:22The company reaffirmed its goal to grow vehicle sales after last year's decline
00:26and maintained plans to produce a more affordable model in the first half of the year,
00:30though details remain undisclosed.
00:33Tesla's stock has more than doubled in the past year,
00:36driven partly by post-election optimism over Musk's ties to Trump.