Tesla Slump Ends After It Posts Biggest Gain in Over a Year
- Shares close up 20%, their biggest gain since February 2020
- Smaller EV names Workhorse, Nio, Nikola and Li also rally
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Investors rushed back into Tesla Inc. shares on Tuesday, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year.
A steady stream of positive news -- including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks -- are luring investors back to Tesla and other electric-vehicle makers.