Tesla (TSLA, Financial) shares rose 1.36% in pre-market trading, reaching $360.67. The increase follows the update on Tesla's China website, which now shows the revamped Model Y will begin deliveries later this month. The initial version of the Model Y will be available for a limited time until February 28.
In addition, Elon Musk announced the formation of an AI game studio under his company xAI. This marks a significant step forward after the initial announcement to venture into AI gaming in November 2024.