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Tesla spikes despite news it temporarily shutdown Model 3 production last month (TSLA)





Tesla Stock price SXSW

  • Tesla is up more than 5% Monday despite no significant positive news or Wall Street analyst upgrades.
  • There were reports, however, that the company had to temporarily shut down Model 3 production last month.
  • CEO Elon Musk spoke at SXSW over the weekend and sang a duet with his brother, Kimbal Musk.

Shares of Tesla surged more than 5% Monday, despite reports the carmaker had temporarily suspended Model 3 production for four days last month.

“Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1,” a Tesla spokesperson told Bloomberg News. “These periods read more >>>

Source:: BusinessInsider.Com

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