Musk, the man behind most of Tesla's stillborn plans, went on X, his social media platform, and immediately claimed the Reuters report wasn't true: Of course, Musk hasn't specified why the Reuters report isn't true.

Tesla posted teaser videos on social media suggesting a major announcement on Oct. 7, with analysts speculating about the launch of a lower-cost Model Y.

The product tease comes after another positive development for the electric vehicle maker. On Oct. 2, Tesla reported that EV deliveries in the three months through September had jumped by 7% over the same period last year and beat Wall Street expectations. The stock initially gained about 2% on the news before falling to trade down roughly 0.5%.

Tesla teased an October 7 event, in which investors and analysts anticipate a more affordable model to sustain sales momentum.

Electric-vehicle maker Tesla unveiled a cheaper Model Y SUV at $39,990 and Model 3 sedan at $36,990 following record third-quarter deliveries and expiring tax credits.

In a tweet, Tesla announced that ‘Model Y Standard’ and ‘Model 3 Standard’ are the company’s “most affordable vehicles”.

Tesla CEO Elon Musk said in an earnings call that the company would begin operating its self-driving vehicles "by the end of the year" in Arizona.

Lucid Motors (LCID) took a jab at Tesla (TSLA), asking Elon Musk’s own AI to confirm which brand really has the best luxury EV. Although Lucid has insisted for years that Tesla is not its main competition, the two still compete for buyers and are often pitted against one another in the luxury market.

Public policy executives Rohan Patel and Hasan Nazar and the head of the power-train and energy units Drew Baglino also stepped down after the pivot. Rebecca Tinucci, leader of the supercharger division, went to Uber after Musk fired the entire team and slowed construction on high-speed charging stations.

Glass Lewis joined ISS in urging Tesla investors to reject Elon Musk's $1 trillion pay package, saying it causes "significant concern."