Why Tesla Stock Rose Today on Bad News

·2-min read
Why Tesla Stock Rose Today on Bad News
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Tesla (NASDAQ: TSLA), the electric-vehicle (EV) kingpin, is understandably best known for its EVs. As multiple news outlets have now reported, Tesla's giant Australian battery venture -- the "Victorian Big Battery" that provides backup electricity to Victoria state in Australia -- caught fire early Friday, local time. Or rather, one of the Tesla "megapack" batteries making up the power warehouse did.

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