Tesla Stock Hits Record High Despite Auto Insurer's Rate Hike

Tesla (TSLA) hit a record high Monday despite reports that national insurer AAA is raising rates for the electric-car maker's Model S and X vehicles, which could have an impact on sales.

On Sunday, a report from Automotive News said AAA is raising premiums for Tesla vehicles. The AAA said premiums could go up 30%, based on statistics from the Highway Loss Data Institute and other sources.

Tesla disputed the analysis as "severely flawed and is not reflective of reality," according to

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