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Business Insider
144 days

As Democrats rage against Elon Musk, some are still buying Tesla stock

1. Several Democrats bought Tesla stock recently amid political tensions. 2. Rep. Johnson's stock sale was made by an advisor, not her decision. 3. Used Tesla listings surged by 33%, indicating consumer sentiment shifts. 4. Some Democrats publicly criticized Musk while investing in Tesla. 5. Gonzalez purchased $65,000 in Tesla stock, signaling possible insider confidence.

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FAQ

Why Bullish?

Despite some Democratic criticism, congressional investments indicate confidence in TSLA's value, historically leading to short-term price increases. Previous notable buying from influential figures has often correlated with upward price movements in TSLA stock.

How important is it?

The article highlights significant congressional investments in TSLA, showing confidence from influential investors. This could sway public perception and consequently affect TSLA's stock performance based on political affiliations.

Why Short Term?

The immediate trades by Democratic members suggest a short-term boost in sentiment as seen during similar market activities. Positive stock purchases amidst criticism typically signal opportunity for strategic gains in the near term.

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