Tesla, NIO, and Other EV Stocks Were Saved by the Fed – Barrons

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,…

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