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Tesla Resumes Rally After Shanghai Factory Restarts Production

The Tesla Gigafactory in Shanghai.

The Tesla Gigafactory in Shanghai.

Photographer: Qilai Shen/Bloomberg

Tesla Inc. shares are back on the rise after the electric-car maker resumed production at its China factory with the help of the Shanghai government.

The stock advanced as much as 8% shortly after the start of regular trading Monday, after Tesla’s plant restarted operations on the earliest date permitted by government officials who have been trying to contain the spread of the coronavirus. Tesla has gained at least 10% each of the last three weeks, adding about $43 billion to its market capitalization.