Why Tesla Stock Is Soaring (Again)

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Shares of Tesla (NASDAQ: TSLA) are continuing their parabolic rise today, making the electric-vehicle (EV) producer more valuable than Facebook and further fortifying CEO Elon Musk’s newly held position as the world’s richest person. This adds to the stock’s incredible year-to-date momentum. Including a 7.4% gain as of 11 a.m. EST on Friday, shares are now up 25% already in 2021.

The stock’s gain comes as Evercore ISI analyst Chris McNally upgraded his rating for it and admitted the research firm has “been on the considerably wrong side of TSLA for over a year now.” 

Image source: Tesla.

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