Why Tesla Stock Continued Its Monster Run Friday
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Tesla's stock surged 5.7% on Friday, marking a nearly 30% increase since its weak first-quarter report. Investors remain optimistic about the upcoming launch of fully autonomous driving technology and CEO Elon Musk's increased focus on Tesla. Despite significant sales declines in Europe, positive sentiment surrounding U.S.-China trade talks has boosted investor confidence, positioning Tesla as a potential beneficiary. However, the stock's rapid rise may be an overreaction to the current situation.
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