Hyperdrive
Musk’s Dance-Worthy Optimism About China Extends Tesla Rally
- CEO’s awkward moves cheered at Shanghai factory event
- Billionaire reiterates Model Y demand may top all other Teslas
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Elon Musk was apparently excited enough about Tesla Inc.’s prospects in China that he was moved to dance, sending the electric-car maker’s shares to new highs.
The chief executive officer awkwardly waltzed across a stage at Tesla’s new factory outside of Shanghai on Tuesday during an event to hand over the first Model 3 sedans to public buyers. Musk, 48, also elaborated on previously announced plans to produce the upcoming Model Y crossover at the plant.