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Topics Trending In The Stock Market On June, 12

Tesla CEO Elon Musk told shareholders that the electric car maker had a “decent shot” at setting a new production record, following a first quarter that disappointed markets. Musk touted the performance and sales of its flagship Model 3 — claiming it was outselling its counterparts, citing BMW, Audi and Lexus by name.

CrowdStrike Holdings Inc. is set to be valued at nearly $7 billion. Late Tuesday California-based cybersecurity company priced its IPO at $34 a share, which is far above from the original $19-to-$23 range. CrowdStrike plans to begin trading Wednesday under the ticker “CRWD”.

Google’s value could rise by 50% to shareholders if the government’s antitrust probe into Alphabet leads to its breakup, Needham’s analyst Laura Martin believes. “Investors generally pay more for pure plays”, Martin said. The stock rose 1.3% on Tuesday following Martin’s note.

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