Tesla's Stock Continues to Soar Amid Tech Rally and Positive News
TL;DR Summary
Tesla's stock rose 1.5% to a seven-month high of $224.57, marking its ninth straight day of gains and the longest winning streak since January 2021. The surge has been fueled by investor appetite for mega-cap tech stocks and a string of recent positive news, including all of Tesla's Model 3 sedans becoming eligible for the full US tax credit under a new criteria set by the US Treasury Department. However, some warn against trading Tesla as an AI play, as the company's positioning in the field remains uncertain.
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