Tesla Shares Cap Awful Week With Tentative Rebound
- Shares fell 12% in the worst weekly performance since February
- Inflation fears, technical level and Musk’s Bitcoin move weigh
Photographer: Angel Garcia/Bloomberg
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Tesla Inc. staged a tentative comeback on Friday in the aftermath of a turbulent week that saw shares touch a two-month low and breach a key technical level that portended even more losses.
Investors had dumped the stock for four straight sessions on inflation fears and a “head scratching move” by the company’s chief executive officer.