Tesla’s stock roars back after EV deliveries weren’t as bad as feared

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Shares of Tesla Inc. powered higher Wednesday, after the electric-vehicle giant allayed investor fears by reporting second-quarter deliveries that were pretty close to expectations.

Investors were

increasingly anticipating a bad number, given several recent reports of sales weakness in Europe and China. To add to the anxiety, Tesla Chief Executive Elon Musk renewed his feud with President Donald Trump this week by criticizing the budget bill that barely passed the Senate.