Tesla's Musk teases new product. It's not a car
Tesla (TSLA) shares rose on Monday after CEO Elon Musk tweeted that the company would unveil a new product at the end of April, but will not be a car. (Tweet This)
The stock was up more than 2 percent in afternoon trading.
In an earlier tweet Monday, Musk spoke out on the company's struggling China business. [I] "am very optimistic about Tesla's long term future in China, despite our earlier mistakes. Have great faith in the Tesla China team."