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Why Tesla Stock Surged Today

Tesla (NASDAQ: TSLA) stock saw significant gains Friday thanks to multiple catalysts. The gains took place in conjunction with a 1% gain for the S&P 500 index and a 1.5% gain for the Nasdaq Composite index. Tesla’s valuation climbed today alongside reports that CEO Elon Musk could be involved in a deal to purchase TikTok from ByteDance — its Chinese parent company.