Tesla Caps 43% Rally in Longest Advance Since Early February

(Bloomberg) — Tesla Inc. rose for a sixth straight session, capping a 43% gain triggered by the the electric-car maker’s April 2 first-quarter delivery report.The six-day run was Tesla’s longest winning streak since early February. The S&P 500 Index rose 9.3% during the same period.“Coming off its recent first-quarter delivery numbers, which were better than reset Street expectations, there is some clear optimism from the bulls,” Wedbush analyst Dan Ives wrote to clients. China production and demand appear poised for a significant rebound and should be a key growth driver over the coming quarter, he said.Even so, it is now …read more

Source:: Yahoo Finance

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