Tesla stock jumps amid speculation Musk could buy TikTok
Tesla (TSLA) stock jumped more than 6% Friday amid speculation that CEO Elon Musk could potentially buy TikTok. The social media platform needs to find an American buyer, or it will effectively face a countrywide ban starting next week — and Musk is reportedly the most likely candidate.
The US Supreme Court on Friday rejected an appeal from TikTok to overturn a federal law effectively banning the social media platform.
» Read more about: Tesla stock jumps amid speculation Musk could buy TikTok »