(Bloomberg) – Tesla Inc. Shares of No. rose on Wednesday, when the electric vehicle maker pulled back the value it lost a day earlier from its worst one-day decline in the company’s stock history.
The car company, led by Elon Musk, fell 21 percent on Tuesday – its biggest drop since it was announced in 2010 – after it passed for inclusion in the S&P 500 index on Friday. The recession destroyed ટે 82 billion in Tesla’s market value amid widespread selling that led to a decline in tax companies.
The Nasdaq 100 index was also rebounding on Wednesday, up 2.2%. Tesla rose 8.4% to 7 357.88 in New York. The stock has quadrupled this year. The company overcame production snarls and posted for the fourth consecutive profit quarter. It also gained momentum amid optimism for its Battery Day event later this month.
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