According to The Kobeissi Letter, Tesla shares ($TSLA) have extended their rally, increasing by 4% following Elon Musk's statement urging investors to 'hang on' to the stock.

According to The Kobeissi Letter, Tesla shares ($TSLA) have surged by 4% following Elon Musk's statement encouraging investors to 'hang on' to the stock. This rally indicates a reinforcement of investor confidence likely spurred by Musk's influence on market perceptions. Traders might consider this an opportunity to assess their position in Tesla, given Musk's direct impact on stock movements and investor sentiment.