Tesla Stock Rises After Musk Reaffirms Leadership And Business Rebound
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Tesla Inc's stock rose by 3.5% to $354.15 after CEO Elon Musk reaffirmed his commitment to lead the company for the next five years at the Qatar Economic Forum. Investors viewed this as a sign of stability amid recent challenges, including falling revenue and missed earnings. Musk's optimism about Tesla's product roadmap, including affordable models and the Cybercab, suggests confidence in the company's long-term strategy despite a volatile macroeconomic environment.
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