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Tesla shares get baby bump as Elon Musk tries to pull out of Twitter deal



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Tesla shares received an upwards bump in after-hours trading Friday as investors reacted positively to Elon Musk’s move to terminate his $44 billion deal to buy Twitter.
Tesla shares rose 14.51% to close at $752.29 on Friday. The share price continued to edge higher after regular trading hours by as much as 3.39%, before settling to about a 2.68% increase as of 7:48 pm ET.
Musk’s legal team issued a letter Friday formally attempting to pull out of an agreement to acquire Twitter. The letter came after Musk publicly attacked Twitter — via Twitter no less — over the social media company’s bot calculations prompting speculation that he would try to exit the deal.
The letter said Musk was terminating the deal because Twitter is in material breach of multiple provisions of its merger agreement …

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