AUTO ANNOUNCEMENT
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Tesla surges on new auto announcement, lifting Nasdaq
Tesla shares rocketed higher early Wednesday, lifting the Nasdaq after the carmaker's surprise announcement about new vehicles offset disappointing financial results. Shares of Elon Musk's electric vehicle company surged more than 10% as it pledged to "accelerate" production of more affordable autos, reassuring investors bemoaning lower profits and the company's fuzzy strategic outlook.
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