Tesla Inc. shares extended their breakneck rally on Thursday to double from the lows touched in early January, helped by a rising appetite for growth and technology stocks, and signs that demand for its electric vehicles is rebounding.
The shares closed up 3% at $207.32 in New York, capping a 104% gain from their Jan. 6 intraday trough. The shares are bouncing off a 65% plunge in 2022.
