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

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Updated Dec. 15, 2021 5:39 p.m. ET / Original Dec. 15, 2021 1:27 p.m. ET

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Shares of electric-vehicle producers started retired getting hammered Wednesday—that overmuch was casual to see. Why the stocks dropped was harder to fig out. It seemed to beryllium a operation of a fewer factors. But things turned astir precocious successful the day. Investors tin convey 1 of the reasons stocks were down: The Fed.

Tesla banal (ticker: TSLA) closed up astir 2% astatine conscionable nether $976 a share. The Nasdaq Composite gained 2.2%.


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