Tesla Investors Boost Stock for Sixth Day, Unfazed by US-China Tensions

Tesla Inc. investors are unfazed by the brewing geopolitical tensions between US and China around Taiwan, as the stock rose for a sixth straight session ahead of the company’s annual meeting on Thursday.

The electric-vehicle maker’s stock closed up 2.3% at $922.19 in New York on Wednesday. After surging 19% in just over a week the shares are now up more than 47% from the May 24 closing low of $628.16. Better-than-expected second-quarter results and a climate change bill from the Biden administration are helping fuel the enthusiasm for the stock.