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Tesla Stock Climbs as Musk Prepares to Hand Over First Model 3 Cars

Shares of Tesla rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market.

Tesla is counting on the Model 3 to help turn the cash-losing company into a profitable one, and its event later on Friday at its factory in Fremont, California, comes as the car maker’s stock trades down 12 percent from a record high set in June.

Fueled by expectations that Tesla will become a carbon-free energy and transportation heavyweight, Tesla’s stock remains …read more

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