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that is because nothing has been finalized. it can easily get there just based on market momentum. Tesla gained $70 in a week. another 40 is not that hard

Wall Street loves free money. The stock was trading at $360 before this proposal was announced, and only moved a third of the way to the purchase price on the news. That's not implying investor confidence that this will happen. Otherwise, plenty of people would be willing to load up on the stock on the assurance it would be bought at $420.

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