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Why Today's Jump in Tesla Shares Surprised Investors

·2 min read

Many investors would have expected Tesla (NASDAQ: TSLA) shares to be sinking today. After an early jump of 5%, Tesla stock was still 3.1% higher as of 1:30 p.m. ET. While the share sales themselves in no way affect the shareholder value in Tesla, Musk is a widely followed CEO, and his actions -- and words -- have moved the stock in the past.