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Tesla stock surges on Wednesday, but there’s still more room to go
- Tesla stock surged over 7 percent on Wednesday, partially recovering from recent losses.
- President Trump's support and purchase of a Tesla Model S sedan contributed to the stock's bump.
- Tesla shares remain down 34 percent this year due to decreased demand and concerns over CEO Elon Musk's focus.
- Tesla closed at $248.09 on Wednesday, showing potential for further growth.
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