Tesla shares get late boost on April Fool's press release

April 1, 2015 9:47 PM

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Tesla shares get late boost on April Fool's press release

(Reuters) - Shares of Tesla Motors Inc. (TSLA.O) jumped and trading volume surged in the final minutes of trading on Wednesday 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."

Also read: U.S. motor travel up 1.5 percent in April from year ago: DOT

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