KEY INFORMATION
- On New Year’s Day, a Tesla Cybertruck exploded outside the Trump International Hotel in Las Vegas, killing the person inside and injuring seven others.
- President Joe Biden said law enforcement is investigating “if there is any possible connection to the attack in New Orleans.”
- Tesla is anticipated to release fourth-quarter delivery numbers today.
A Tesla (TSLA) Cybertruck exploded on New Year’s Day outside the Trump International Hotel in Las Vegas, killing the person inside and injuring seven others.
President Joe Biden said law enforcement is investigating “if there is any possible connection to the New Orleans attack,” in which a person intentionally drove a rented pickup truck right into a crowd of individuals celebrating the New Year on Bourbon Street, killing at least 15 people and 30 injured.
“We have now confirmed that the explosion was caused by very large fireworks and/or a bomb carried on the floor of the rented Cybertruck and is unrelated to the vehicle itself,” Tesla CEO Elon Musk said in a post on the social networking site X. “At the time of the explosion, all data vehicle telemetry were positive.”
Tesla is scheduled to report fourth-quarter deliveries today
The Cybertruck explosion comes as Tesla prepares to post a record variety of deliveries, which analysts expect in the fourth quarter, although in addition they note that the overall variety of deliveries for the total yr is lower than the corporate’s forecasts.
Tesla shares were up 1.6% in pre-market trading after falling 12.6% during the last 4 sessions. Still, they’ve gained 60% since Election Day as investors expect the corporate to be strengthened by Musk’s close ties to President-elect Donald Trump.