Tesla shares rose on Monday after CEO Elon Musk tweeted that the company would unveil a new product at the end of April, but will not be a car. (Tweet This)

The stock was up more than 2 percent in afternoon trading.

See Musk's tweet here.



In an earlier tweet Monday, Musk spoke out on the company's struggling China business. [I] "am very optimistic about Tesla's long term future in China, despite our earlier mistakes. Have great faith in the Tesla China team."



In February, Musk said the company would show off the Tesla home battery, a consumer battery for at home use, "fairly soon."

