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“Tesla shares wipe out loss for the year with 27% rally this week”

Tesla’s stock price rose enough on Friday to wipe out its loss for the year and bring its gain for the week to 27%. Shares of the electric vehicle maker closed Friday at $251.55. They ended last year at $248.48, and proceeded to fall as low as $138.80 in April.

The latest rally was sparked by a better-than-expected deliveries report for the second quarter on Tuesday. While deliveries still dropped 4.8% from a year earlier, the falloff was less steep than the first-quarter decline, and gave investors reasons for optimism heading into the second half…”

https://www.cnbc.com/2024/07/05/tesla-shares-wipe-out-loss-for-the-year-with-27percent-rally-this-week.html

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