NEW YORK - Tesla Motors (IW 500/384) shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.
Shares in the electric car star rallied 3% to $190.97 on the news.
Musk, who has created a buzz around Tesla with a wildly popular auto line with only limited production, was intentionally vague.
The South African-born Musk made his first millions in the 1990s with a payments company that eventually merged with PayPal. He later created SpaceX, a private group working on rockets and space exploration, and Tesla, with the aim of popularizing electric vehicles.
While Tesla produces relatively few vehicles, it has become a star in the sector due to keen demand and a reputation for high quality.
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