Tesla shares jump as launch of new models brought forward

The car marker's revenue fell in the first quarter, as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide

Tesla reported revenue of $21.3bn (€19.89bn) for the three months ended March, compared with $23.33bn (€21.7bn) a year earlier.

Tesla said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% in trading after the bell.

"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025," the company said in a filing.