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Fortune

Christiaan Hetzner

Tesla has rebounded 50% from its lows in just one month. Here’s why the stock is flying high

Tesla Inc. Elon Musk Twitter Inc. Zach Kirkhorn

(Credit: Marlena Sloss—Bloomberg via Getty Images)

Something unusual happened when markets finally started trading Tesla shares following the release of quarterly results after the bell on Wednesday.

Typically, the stock sells off on good news as investors take profits on bets placed leading up to earnings. This time it actually soared, seeing double-digit percentage gains in yesterday’s session.

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