Tesla shares rise in Frankfurt despite earnings miss

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo

MILAN (Reuters) - Tesla shares opened up 3.6% in Frankfurt trading on Thursday, even as quarterly results at the U.S. electric vehicle maker fell short of Wall Street expectations.

Tesla said it was on it was on track to roll out new, cheaper models in the first half of 2025 and would start testing a paid autonomous car service in June.

It also said it was cutting costs.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)