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Why Tesla Stock Just Popped 4%

TheMotleyFool

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One day after getting a boost from a positive analyst note out of Jefferies & Co., shares of Tesla (NASDAQ: TSLA) are revving once again, up 4% in 3:30 p.m. EDT Thursday trading.

With no new news about Tesla per se out on the wires, today, I think you have to credit today's stock price explosion to new Tesla rival Xpeng (NYSE: XPEV).

Image source: Getty Images.

Source Fool.com

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