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Tesla Stock Is Finally Rising as Wall Street Weighs In – Barron’s

After a brutal week of declines, investors are catching a break despite downbeat news from China.

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Tesla
investors are finally catching a break, with the stock rising after a brutal week of declines as Wall Street analysts come to its defense. Shares were up 3.2% in early Friday trading despite reports that Model Y sales are slipping down the electric-vehicle rankings in China. The
S&P 500
and
Dow Jones Industrial Average,
for comparison, were up 1% and 0.7%, respectively. Coming into Friday, Tesla shares were down 15% for the week and about 34% below their 52-week high. Concern about developments…

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