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Tesla Is the Most Googled Stock of 2021, Survey Finds

Tesla takes home the prize of being the most Googled stock of the year, according to a survey, while founder and CEO Elon Musk sells around $5 billion in shares.
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Tesla  (TSLA) - Get Tesla Inc Report is the most Googled stock of 2021, according to a survey which found the electric vehicle maker received 6.9 million searches a month, on average.

The results follow founder and CEO Elon Musk’s sale of around $5 billion in shares after asking his 62 million Twitter followers over the weekend if he should sell some of his Tesla stake in order to create a tax liability.

Tesla shares were up 1.2% Thursday to $1,081.81 at last check.

The survey by software firm Bacancy Technology analyzed the top 30 most popular stocks that people are investing in throughout 2021, to find the top 10 most-searched-for stocks in the U.S.

Computer giant Apple  (AAPL) - Get Apple Inc. Report came in second, with an average of 3.3 million searches, while meme stock favorite GameStop  (GME) - Get GameStop Corp. Class A Report ranked third, with an average of 3.1 million searches a month. 

Amazon  (AMZN) - Get, Inc. Report was batting clean-up with 1.8 million searches, while pharmaceutical giant Moderna  (MRNA) - Get Moderna, Inc. Report placed fifth on the hit parade, with 1.2 million searches.

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Microsoft  (MSFT) - Get Microsoft Corporation Report came in sixth with 611,000 searches per month and Facebook  (FB) - Get Meta Platforms Inc. Class A Report took  the number 7 spot with 424,000 searches.

A spokesperson for Bacancy said in a statement that the recent news regarding Musk's share sale "...will be sure to cause hysteria around the company’s portfolio, with the stock anticipated to rise following the announcement.”

Wedbush analyst Daniel Ives said in a note Thursday that, "Musk certainly did not waste any time and started selling Monday soon after the soap opera poll results were finished over the weekend."

The analyst, who has an outperform rating and a bull-case target of $1,800 on the stock, said Musk likely is on pace to complete his 10% ownership stock sale over the coming days.

"In a nutshell, we would rather Musk rip the band-aid off now and sell this portion of stock quickly rather than it lingering over the next year and feeding into any non-fundamental bear thesis on the story," Ives said.

Tesla, he added, "remains in pole position to drive this EV adoption curve to the next level both domestically and globally with Musk & Co. leading the way in this $5 trillion green tidal wave over the next decade."