Tesla Stock Nears $500 for the First Time. How It Gets There.

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Tesla stock is nearing $500 for the first time, driven by a 21% year-to-date gain and a 25% increase over the past month, despite falling EV sales. The stock initially traded above $490 but slid back to $488.08. The overall market is experiencing a slight fluctuation.

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Market impact analysis based on bullish sentiment with 65% confidence.

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Bullish
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65%

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Tesla CEO Elon Musk said on X that Tesla’s robo-taxis were unaffected. Tesla stock traded above $490 early Tuesday, but slid back to $488.08, down 0.1%, while the was up 0.1% and the was down 0.1%. Coming into Tuesday trading, Tesla stock was up 21% this year, boosted by a 25% jump over the past month, despite falling EV sales.

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