Tesla’s stock bounces, as part of broad gains in EV makers

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Shares of Tesla Inc. bounced 6.2% in premarket trading Wednesday, in the aftermath of their record one-day selloff in the previous session. The stock had plunged 21.1% on Tuesday, after S&P DJ Indices shocked investors by not including the electric vehicle industry leader to the benchmark S&P 500 index , to close 33.7% below the Aug. 31 record close of $498.32. Tuesday’s rally was also part of a surge in the shares of other EV makers, and a broader market bounce. S&P 500 futures rose 0.9%, after the index tumbled 2.8% on Tuesday. Among other EV makers, shares of Nio Inc. rose 3.2%, Nikola Corp. advanced 2.5%, Workhorse Group Inc. climbed 6.0%, XPeng Inc. gained 3.5% and Li Auto Inc. tacked on 2.9%.
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