1 Reason Why Tesla Stock Is Rising Today
Tesla's (NASDAQ: TSLA) shares were rising this morning as the company's outspoken CEO, Elon Musk, suggested in a few tweets that his proposed purchase of Twitter (NYSE: TWTR) may not happen -- or if it does, it could cost less than originally planned.
Tesla investors haven't exactly been thrilled with Musk's bid to buy Twitter, considering he's selling some of his Tesla shares to do so and because some believe owning Twitter will distract him from the electric vehicle (EV) company.
The EV stock was up by 2.3% as of 10:12 a.m. ET today.
Source Fool.com
