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Apparently, the D stands for "disappointment," at least on Wall Street.
After much anticipation, Tesla founder and CEO Elon Musk unveiled the new Tesla D model at an event on Thursday night. The D, which actually stands for dual motor, is a more powerful sedan than Tesla's previous models and offers novel autopilot features.
Tesla stock dropped by as much as 8% in early trading Friday following the announcement, pushing the company's market cap back below $30 billion. As of publication, the stock was trading at about $241 a share, down about 6% from Thursday's closing price of $257. Read more...
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