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The Ratings Game: Tesla stock at highest in nearly a month ahead of company’s shareholder meeting

Tesla Inc.’s annual shareholder meeting Tuesday is a “fork in the road situation” for the Silicon Valley electric-car maker, beset by concerns about demand for its vehicles and the health of its balance sheet, but the stock has seen some support in recent sessions.

Tesla TSLA, +0.67% shares rose more than 4% on Monday, buoyed by a Baird & Co. note earlier Monday that said that demand concerns have been “overblown” and that “updates” at the meeting would help investor sentiment and be a positive catalyst for the battered shares. The shares rose another 2% on Tuesday.

The stock closed Monday at its highest since May 16, and has held above $200 for the past four sessions.

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