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Tesla Stock Rallies 10%

Video Credit: Wochit News - Duration: 00:34s - Published
Tesla Stock Rallies 10%

Tesla Stock Rallies 10%

On Wednesday, Tesla shares rallied as much as 10%.

The rally added about $32 billion in market value to the company.

Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days.

On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization.

Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.


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Credit: Wochit News    Duration: 00:39Published

NASDAQ NASDAQ American stock exchange

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Amazon (company) Amazon (company) American technology and e-commerce company

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Credit: Wochit News    Duration: 00:30Published

Apple Inc. Apple Inc. American technology company

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Credit: Wochit News    Duration: 00:36Published

Elon Musk Elon Musk South African-born American entrepreneur

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Credit: Wochit News    Duration: 00:26Published

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