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Tesla stock spikes on Musk promises, lease offer
Tesla stock spikes on Musk promises, lease offer

Tesla stock rose in mid-morning trading after the company announced it would offer a new, lower-cost lease plan and its founder, Elon Musk, tweeted that domestic sales of its Model S electric sedan were up 65% in North American and had reached an unspecified "record high" worldwide. At midday, Tesla stock was trading above $237 a share, up more than $15, or 7% — following a previous-day drop after the Wall Street Journal reported softer than expected domestic vehicle sales — having closed yesterday at $221.67. The stock has had a roller-coaster season, after a period low of $180 in May, rising and falling on reports that the company would release new models, open...

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