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Tesla's Musk teases new product. It's not a car

Tesla shares rose on Monday after CEO Elon Musk tweeted that the company would unveil a new product.

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."