1 Reason Why Tesla Stock Is Rising Today

Chris Neiger, The Motley Fool
·2 min read
1 Reason Why Tesla Stock Is Rising Today

Tesla's (NASDAQ: TSLA) shares were rising this morning as the company's outspoken CEO, Elon Musk, suggested in a few tweets that his proposed purchase of Twitter (NYSE: TWTR) may not happen -- or if it does, it could cost less than originally planned. Tesla investors haven't exactly been thrilled with Musk's bid to buy Twitter, considering he's selling some of his Tesla shares to do so and because some believe owning Twitter will distract him from the electric vehicle (EV) company. Referring to Twitter's previous claim that only about 5% of its accounts are fraudulent or spam, Musk tweeted early this morning that his offer to buy Twitter was dependent on the company's Securities and Exchange Commission (SEC) filings being correct.

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