why is the tesla stock increasing or decreasing in value
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Tesla's stock keeps going up—here's why
Tesla's stock keeps going up—here's whyTesla's stock “popped” today. The price per share went up 9.7% to close at $524.86. That's quite a leap from a low of $178.97 on June 3, 2019, but Elon Musk's electric-car company has been rallying steadily since then.
But the company's sky-high valuation — which has more than tripled since late October — is about more than improved efficiency and new factories. It's a bet on Tesla's future. The company has a lock on the small, but growing battery electric vehicle market — and the bulls believe Tesla's not about to lose it.
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