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Tesla Inc. (TSLA) stock is rising in the Pre-market; here is why?

Tesla Inc. (NASDAQ: TSLA) stock is currently on the rise in the pre-market after announcing its first-quarter results. TSLA stock is trading at $1,020, gaining more than 1% from the previous close. TSLA stock closed at $1,008.78 with a trading volume of 23.89 million shares.