Musk Stopped Selling Tesla Stock. But There’s Another Reason Shares Are Up.

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Tesla stock is on another tear for a few reasons, chief among is that CEO Elon Musk is essentially done selling his shares. But there’s another technical factor that appears to be driving shares higher into year-end: options trading.

Tesla (ticker: TSLA) has risen more than 16% since Dec. 21, around the time Musk said his stock selling was winding down. The S&P 500 and Dow Jones Industrial Average have both gained roughly 3% over the same span.