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Posted: 2014-10-10T15:06:26Z | Updated: 2017-12-07T03:20:09Z Market Unimpressed With Elon Musk's D | HuffPost

Market Unimpressed With Elon Musk's D

Market Unimpressed With Elon Musk's D
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Wall Street wasnt blown away by Teslas D.

CEO Elon Musk unveiled a high-performance, all-wheel drive version of the Model S sedan with a limited autopilot function at a glitzy event outside Los Angeles on Thursday night.

The product launch reached near-Apple levels of anticipation last week after Musk sent out a cryptic, and widely lampooned, tweet promising to unveil the D and something else. Wall Street, speculating that the D could be anything from a driverless car to a whole new model , gulped down the Kool-Aid and sent the stock up 6 percent -- a $2 billion jump.

The hangover hit hard on Friday morning, as the stock fell more than 7 percent.

Its a healthy correction today, Carter Driscoll, a senior analyst of clean technology at investment bank MLV & Co., told The Huffington Post on Friday. The features [Tesla] added were expected, they were incremental improvements and, as youve seen from the reaction today, theyre not what the Street wanted to see.

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