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The Stocks That Made The Biggest Move This Afternoon: Twitter, Starbucks, Tesla, and More

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The social media company grew 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm worth about $2.9 billion.

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The Tesla CEO told his more than 80 million Twitter followers about whether the platform adheres to free speech principles.

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The move is fueling speculation among analysts that Musk may take more active ownership of Twitter or even consider an acquisition down the road.

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Tesla -- shares rose 4.1% after Tesla reported first-quarter electric vehicle deliveries.

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More than 310,000 vehicle deliveries marked a quarterly record, but slightly missed Wall Street's estimates.

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Most analysts attributed the miss to the Covid shutdown in Shanghai, where Tesla has a large factory.

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Starbucks - The coffee chain fell 4.6% after the suspension of its share repurchase program.

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JD.com, Netease, Alibaba, Tencent Music -- US-listed shares of Chinese companies rose after China proposed to revise privacy rules regarding audit oversight.

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Hertz - Shares of the rental car company rose 9.3% after Hertz announced a partnership with electric vehicle company Polestar.

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According to a news release, as part of the deal, Hertz will buy 65,000 electric vehicles over the next five years.

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