Tesla stock surges as EV maker will 'accelerate' the launch of cheaper cars

- Tesla (TSLA) stock surged in after-hours trading after announcing plans to accelerate the launch of more affordable vehicles - Despite reporting a revenue and earnings miss, investors seemed optimistic about Tesla's future prospects - Tesla reported lower revenue and profits compared to previous years, with a drop in revenue for the first time in four years - The company plans to debut cheap EVs utilizing next-generation platforms - The long-awaited next-gen platform will underpin a sub-$30,000 mainstream EV - Investor optimism in response to Tesla's future vehicle plans led to an 11% increase in stock price in after-hours trading

Summarized top reddit comments: - Expectation for Tesla to make less money in the future - Concerns about the validity of the cheaper car launch - High valuation based on forward P/E ratio - Criticism of the market's response to Musk's promises - Doubt about the company's focus on profitability - Mention of firing 10k workers - Lack of consequences for CEO lies impacting share price - Speculation on production timeline for unannounced car - Mention of someone shorting TSLA - Suspicion around the quality of cheaper cars being launched