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Tesla’s Stock Surges After Report of Musk Leaving Trump Administration

Shares of electric vehicle company Tesla rose in New York Stock Exchange trading on Wednesday after Politico reported that Elon Musk will soon leave or significantly reduce his work with President Donald Trump’s administration.

At around 16:06 GMT (10:06 AM CDMX), Tesla’s stock price jumped 3.91% to $278.95, after initially dropping 6% at the opening.

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