Elon Musk makes cannabis joke on Twitter as Tesla’s stock jumps above $420

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Elon Musk makes cannabis joke on Twitter as Tesla’s stock jumps above $420
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'Whoa … the stock is so high lol.'

‘Whoa … the stock is so high lol.’ That was the tweet Musk sent after Tesla’s stock TSLA, +3.36% hit the $420 level, referencing the 4/20 date, which is the unofficial cannabis holiday.

Musk, for his part, has had plenty to giggle over, after a period of controversy and relative stock stagnation. Tesla shares have gained 74% in the last three months, repeatedly notching records, buoyed by the surprise third-quarter profit unveiled in October. Tesla is expected to report fourth-quarter deliveries in early January, with fourth-quarter financial results likely in February.Analysts polled by FactSet expect the company to report an adjusted profit of $1.30 a share on sales of $6.7 billion. That would compare with an adjusted profit of $1.93 a share on sales of $7.2 billion in the year-ago period.

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