Tesla (TSLA) stock boomed on Monday after the company made a couple of announcements regarding its Model X and the future of electric vehicles.
The company confirmed that its crossover Model X will be available early next year. Tesla CEO Elon Musk added that the company has completed the vehicle’s falcon-wing doors which make getting in and out of the car easier than a conventional vehicle.
Tesla also announced that it is in talks with BMW and Nissan regarding a possible charging collaboration between the companies that would benefit electric vehicle owners. Sources from all three companies confirmed these rumors and one unnamed executive said that “it is obviously clear that everyone would benefit if there was a far more simple way for everyone to charge their cars.”
TSLA stock is up about 5.75% Monday afternoon.