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Why Shares of Tesla Are Soaring Today

11 August 2025
in Business
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Why Shares of Tesla Are Soaring Today
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Shares of Tesla (NASDAQ: TSLA) rose nearly 4% after CEO Elon Musk updated the status of the company’s robotaxi fleet, amid indications that electric vehicle sales may be improving. Notably, wait times for the Model Y have increased from one to three weeks to four to six weeks, suggesting a rise in orders despite recent declines in sales over the first two quarters of the year.

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