Reuters: Hot Stocks: UPDATE 1-Tesla CEO tweets strategic announcement coming Friday

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UPDATE 1-Tesla CEO tweets strategic announcement coming Friday Apr 25th 2013, 17:51 Thu Apr 25, 2013 1:51pm EDT (adds background, updates stock price) DETROIT, April 25 (Reuters) - Tesla Motors Inc Chief Executive Elon Musk said the electric carmaker on Friday will make a strategic announcement that according to a spokeswoman revolves around service. Shares of Tesla were up nearly 3 percent on Thursday. "Announcement of new @TeslaMotors strategy tomorrow. Tesla owners will like this," Musk said in a message on Twitter that was sent shortly before 12 p.m. EDT (1600 GMT). On April 2, Musk said Tesla would unveil details about revamped service and an expanded network of fast-charging stations this month in a move to boost sales. "I'm an engineer, so service is not something that I naturally do," Musk said in an interview on April 2. "But it's the right thing for the company and I think we have the opportunity to re-engineer service." A spokeswoman for the company said Friday's announcement will focus on service. On April 2, Tesla announced it would partner with Wells Fargo & Co and U.S. Bank on a financing product to make its pricey electric sedans accessible to more people. Tesla, producer of the first fully electric sports car, has said it had its first profitable quarter ever in the first quarter thanks to stronger-than-expected sales of its Model S sedan. Tesla is scheduled to report first-quarter results on May 8. The carmaker went public in 2010 and has narrowed its losses as production of the Model S ramped up late last year. Tesla's stock was up $1.52 at $51.95 a share in afternoon trading on the Nasdaq. (Reporting by Ben Klayman in Detroit; Editing by Leslie Adler and Carol Bishopric) Link this Share this Digg this Email Reprints

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