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Tesla Rises On Oil Drop

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Tesla Rises On Oil Drop

B
Benzinga

534 Views • Apr 08, 2026

Description

Tesla shares rose 4.4% as oil dropped 13% below $95/barrel after Trump announced a two-week ceasefire tied to reopening the Strait of Hormuz. ARK Invest bought ~47,000 Tesla shares over two days during the weakness, with the stock still down 23% YTD despite being up 56% over 12 months.