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Wall street: Nasdaq opens higher on upbeat Tesla results

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The Nasdaq opened higher on Thursday as electric-car maker Tesla topped Wall Street‘s profit target, while the S&P 500 and the Dow edged lower.

The Dow Jones Industrial Average fell 144 points, or 0.45%. The S&P 500 fell 0.2%%, while the Nasdaq Composite gained 0.05%.

Tesla shares jumped 4% after the automaker reported stronger-than-expected earnings but shrinking automotive gross margins.

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