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Why Tesla Stock Revved Higher on Friday

Why Tesla Stock Revved Higher on Friday

Tesla (NASDAQ: TSLA) investors have been having a rough week. Through close of trading Thursday, shares of the electric car stock leader fell 11% from last week's close, as multiple reports of production slowdowns in Shanghai dinged the stock -- but there's better news for Tesla today. As of 11:20 a.m. ET, Tesla stock is up 4.1%, despite more news of production slowdowns in China.