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benzinga.com
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Tesla Stock Climbed Nearly 4% In Wednesday Pre-Market: What's Going On? - Tesla (NASDAQ:TSLA), BYD (OTC:BYDDF)

1. TSLA stock rose 3.70% in pre-market trading, indicating potential recovery. 2. Elon Musk defended Tesla amid ongoing protests and negative sentiment. 3. Tesla received its first permit in California for a robotaxi service. 4. Musk anticipates launching driverless services in California and Texas this year. 5. Concerns over declining used car prices may impact TSLA's market perception.

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FAQ

Why Bullish?

The 3.70% rise signifies a potential rebound amid ongoing investor uncertainty. Historical rebounds often occur after significant pre-market growth following declines.

How important is it?

The article presents significant developments regarding Tesla's future services and market dynamics, although major negative factors persist in the backdrop.

Why Short Term?

The market's initial reaction to news of the robotaxi permit can influence short-term trading dynamics. Similar scenarios in the past have yielded quick gains or losses based on market sentiment following news releases.

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