Stock in the electric-vehicle pioneer
is rising despite a terrible review for the company’s new Model S Plaid edition. The company’s Chinese production numbers in August appear to matter more than criticism of Tesla’s $130,000 muscle car.
Tesla (ticker: TSLA) stock was up about 0.7% in premarket trading, while futures on the
Dow Jones Industrial Average
futures were both down a little. The move in Tesla stock is small, for now, because the good news and the bad news offset each other. Neither issue seems important enough to change the minds of Tesla investors.
First, the bad news. Automotive data provider Edmunds reviewed Tesla’s Model S Plaid edition, which is billed as the fastest car ever produced in volume on an assembly line. In optimal conditions, it can accelerate from zero to 60 miles an hour