What’s News: Tesla shares take a hit

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  • Shares of Tesla initially rise Thursday after a German business publication reports that Volkswagen CEO Herbert Diess is interested in buying a stake in the company, citing sources.
  • The stock pares some of its gains after Volkswagen denies the report.
  • A VW spokesman tells CNBC the report is “completely unfounded.”

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Where did they get a crazy idea of a VW acquisition? Well, from stories like this one.

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