Elon Musk Has Tears Of Laughter As Tesla Investor Says Stock Is 'Up One Gordon Johnson' After Bear-Defying Surge
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) experienced a significant stock surge, increasing by $25.76 or 15.31%, closing at $194.05. The rise was humorously celebrated by Elon Musk and investor Sawyer Merritt, referencing critic Gordon Johnson's low price target. Despite the surge, Johnson remains skeptical, particularly about Tesla's advancements in China and the challenges of data localization and U.S. restrictions on NVDA chip shipments.
April 30, 2024 | 11:20 am
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Tesla's stock surged by 15.31%, closing at $194.05, following a positive investor reaction and Elon Musk's engagement on social media.
The significant stock surge reflects investor confidence and market reaction to Tesla's current trajectory and Elon Musk's public engagement. However, ongoing regulatory and operational challenges in China could present future hurdles, tempering long-term optimism.
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RELEVANCE 100