(Bloomberg) — Tesla Inc. shares are staging a comeback as investors expect the Elon Musk-led electric carmaker to navigate the crippling semiconductor shortage better than rivals that have been severely disrupted.
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The stock gained as much as 0.9% to $850.99 in U.S. premarket trading on Monday, set for a 50% increase from a March 8 low of $563. That comes after eight weeks of gains, its longest winning streak since before the Covid-19 pandemic roiled markets. The…
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