Tesla’s stock soars as tens of thousands of Robinhood users buy it

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Tesla's stock reached an unprecedented intraday high of $1,760 on Monday, just as tens of thousands of new investors were pouring into the stock using the online brokerage Robinhood. Data from Robintrack shows that the number of Robinhood users holding Tesla shares soared from 408,000 at the start of the day on Monday to 458,000 at the day's end-a jump of 50,000 users.

By Tuesday morning, the stock had given back some of those gains, with the stock trading below $1,500.

Robinhood announced Monday that it had raised $320 million from investors at a valuation of $8.6 billion.

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