Shares of electric-vehicle producers started out getting hammered Wednesday—that much was easy to see. Why the stocks dropped was harder to figure out. It seemed to be a combination of a few factors. But things turned around late in the day. Investors can thank one of the reasons stocks were down: The Fed.
Tesla stock (ticker: TSLA) closed up almost 2% at just under $976 a share. The Nasdaq Composite gained 2.2%.
Tesla,…