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Tesla Stock Falls. Recalls and Rivian Are in the News.
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Tesla closed lower Friday after electric-vehicle peer Rivian Automotive posted better-than-expected gross profits on Thursday evening, and Tesla recalled some cars in the U.S. Shares of Tesla, the electic vehicle maker led by CEO Elon Musk, fell 4.7% to $337.80, while both the and the fell 1.7%. Shares of Rivian dropped 4.7% to $12.97 after the company reported its first positive gross profit as a publicly traded company, some $140 million for the fourth quarter.
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