Diamonds and Dogs
Tesla (TSLA) stock roaring today. The stock is up 9%, its biggest percentage gain in more than two years and opened above $300 for the first time in two weeks on news Elon Musk believes Tesla can make its goal to produce 5,000 Model 3 sedans by the end of June. If Tesla can accomplish this, the company will be GAAP profitable and will achieve positive net flow in the second half of the year, and therefore will not need to tap capital markets to shore up its finances. Late Tuesday shareholders rejected the request to strip Musk of his chairman role.
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