Tesla stock resumes rally, as Rivian’s results and broader stock market rally provide support

Shares of Tesla Inc.

and a broader stock market rally provided a boost. The rally comes after Tesla’s stock fell 1.5% on Tuesday to snap a four-day win streak in which it hiked up 7.2%. Helping provide support for Tesla’s stock, Rivian shares shot up 12.9% toward a two-month high, after the EV maker reported a first-quarter loss that narrowed more than expected and affirmed its full-year production outlook. Among other EV makers, shares of NIO Inc. NIO... Shares of Tesla Inc.

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