Shares of Tesla Motors Inc., TSLA are up a respectable 7% in the morning session. This comes off the heels of Elon Musk tweeting a defense and adamantly refuting the story in Wall Street Journal.
Market News and Data brought to you by Benzinga APIsArticle in @WSJ re Tesla sales is incorrect. September was a record high WW and up 65% year-over-year in North America.
— Elon Musk (@elonmusk) October 28, 2014
The story was printed on the 27th of October and raised fundamental questions about TSLA's performance in the past quarter: Credit Suisse came to an immediate defense and labeled the reporting as "misleading."
It is surprising to see the CEO come to defense of the firm so close earnings. Telsa reports on the 5th of November. Traders are viewing this transaction as a bullish indicator from a company insider. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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