Takeaways from the Key Notes
- A Tesla Cybertruck exploded outside the Trump International Hotel in Las Vegas on New Year's Day, killing the person inside and injuring seven others.
- President Joe Biden said that law enforcement was investigating "whether there's any possible connection with the attack in New Orleans."
- Tesla will report its fourth quarter delivery figures today.
On New Year’s Day in Las Vegas, a Tesla (TSLA), Cybertruck exploded in front of the Trump International Hotel. The person who was inside died and seven other people were injured.
President Joe Biden said that law enforcement was investigating "whether there's any possible connection with the attack in New Orleans," where a man intentionally drove a rented pickup truck into a crowd of people celebrating New Year's on Bourbon Street, leaving at least 15 dead and 30 injured.
“We have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried in the bed of the rented Cybertruck and is unrelated to the vehicle itself,” Elon Musk is the Tesla CEO (CEO). He said so in a blog post. “All vehicle telemetry was positive at the time of the explosion.”
Tesla is expected to announce Q4 delivery today
Cybertruck’s explosion occurs as Tesla gets ready to report what analysts predict will be an all-time high number of deliveries during the fourth quarterly quarter. They also believe that Tesla has fallen short in its full year total, which is still below the firm’s expectations.
Tesla shares rose 1.6% to $1.06 in premarket trade after dropping 12.6% the previous four trading sessions. Still, they have gained 60% since Election Day on investors' expectations of a boost to the company from Musk's close ties to President-elect Donald Trump.
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