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Why is TSLZ Up Today After Acquisition Rumors

The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) closed up 3.33% at $2.48 on January 14, as Tesla's stock fell 1.64% to $396.70 amid swirling rumors and market dynamics. Tesla's decline was influenced by reports of Elon Musk's potential acquisition of TikTok's U.S. operations, which could significantly impact the tech sector. Despite initial gains driven by strong global EV sales data, Tesla's stock turned negative as the day progressed. Analysts from Wedbush highlighted the potential $40-$50 billion sale of TikTok's U.S. operations, excluding its algorithm, as a strategic move that could enhance Musk's platform value. The looming Supreme Court decision on a TikTok ban, set for January 19, adds further uncertainty to the market. Additionally, Morgan Stanley's recent price target increase for Tesla to $430 per share reflects Wall Street's focus on Musk's growing influence across sectors.