Tesla shares up 1.8pc in Frankfurt day after results

LONDON, Jan 29 (Reuters): Tesla shares rose 1.8 per cent in Frankfurt on Thursday, a day after the company said it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI and that production plans for its Cybercab robotaxi were on track for this year.

The move was roughly in line with where Tesla's US shares ended in after hours trading. They had initially risen about 3.5 per cent in after-hours trading, but pared gains following details of Tesla's capital expenditure plans.