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Here’s how Tesla stock swings 18% higher, trader says

April 6, 2020

Via: CNBC

Category:

Tesla opened strongly higher Monday.

The stock was up more than 5% at midmorning after Jefferies upgraded it to buy on the company’s leadership in the electric-vehicle market.

Tesla also rallied Friday on solid first-quarter numbers. The automaker delivered more than 88,000 vehicles in the three months to March, up 40% from a year earlier.

Bill Baruch, president of Blue Line Capital, said Tesla shares act as a “great trading vehicle.”

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