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Elon Musk Tweets About Masterplan, Tesla (TSLA) Increases $1 Billion in Value
Sunday morning at 9:49 AM ET on July 10, 2016, Elon Musk tweeted the following statement:
This tweet led to Tesla Motors (TSLA) trading up on the day, with shares closing up $8.00 per share, or 3.74%. Musk managed to increase the value of Tesla stock by over $1 billion ($1,178,240,000 to be exact). Furthermore, there is no guarantee that Musk is actually going to publish the “Top Secret Tesla Masterplan, Part 2” sometime this week – he used the word “hoping” for a reason.
The company could use some positive news because last week, Tesla was being investigated by the National Highway Traffic Safety Administration (NHTSA) to determine whether the vehicle’s Autopilot system was operational when a crash on July 1st in Pennsylvania took place. This is the second time that the automaker will be facing an investigation by the NHTSA for its Autopilot function.
Tesla has a Zacks Rank #3 (Hold), and we will just have to wait and see if Mr. Musk really is going to release his “Masterplan” this week.
TESLA MOTORS Price and EPS Surprise
TESLA MOTORS Price and EPS Surprise | TESLA MOTORS Quote
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