Why Shares of Tesla Jumped Friday Afternoon - Motley Fool

Also helping is news of the possible inclusion of Tesla shares in the S&P 500 market index.

When a Twitter user reached out to Tesla CEO Elon Musk on the platform Friday to note that the Model Y is too big for some cities in Europe, he asked whether the company would consider a smaller European-style hatchback.

Tesla is currently building a factory in Berlin, Germany, where the company has said it plans to eventually produce both its Model 3 and Model Y.

In its first-quarter shareholder letter, Tesla said it was on track to start the first Model Y deliveries of vehicles made from its new factory in Berlin in 2021. .

The automaker has already said it wants to build an original car for the China market that is built in the country.