Home | TECHNOLOGY | Shares of Tesla Motors jumped and trading volume surged in the final minutes of trading on Wednesday

Shares of Tesla Motors jumped and trading volume surged in the final minutes of trading on Wednesday

Tesla

Tesla

After the electric car maker issued a press release proclaiming the launch of a new product that turned out to be an April Fool’s Day prank

With about five minutes remaining in the trading day, the company posted a statement on its official website under the headline: “Announcing the Tesla Model W.” In the following minute, the stock jumped about $1.50 or about 0.75 percent from its level the moment before to as high as $188.50. Nearly 400,000 shares traded in that time, and it was the heaviest one minute of trading volume in the stock since the opening 60 seconds of trading on Feb 12. (fortune.com)

 

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