The stock rallied near one-third in July after faltering in the first half.The four-month lag between announcement and vote is proving to be beneficial: A rally in growth stocks has brought the Nasdaq 100 Index up nearly 20 per cent from a June low, with Tesla outperforming both the tech-heavy index and the broad STesla rose 0.3 per cent in postmarket trading to $US928.55 as of 6.34pm in New York.
Most of the risks that weighed on the company earlier this year still linger, with supply-chain disruptions far from sorted, tensions between the US and China rising, and Elon Musk involved in a potentially lengthy and costly legal dispute with Twitter. Moreover, recent high-profile stock splits have failed to give a meaningful boost to other giants including Alphabet and Amazon this year.