 "Tesla")
Shares of Tesla surged 20 per cent on Tuesday to cross the $900-mark, extending a stunning rally that has more than doubled the company’s market value since the start of the year as more investors bet on Chief Executive Elon Musk's vision.
The latest surge was partly fuelled by Panasonic saying on Monday its automotive battery venture with Tesla was in the black for the first time. Some analysts have attributed the rally to short covering as well. Short interest in Tesla stood at 13.8 per cent as of Jan 30, according to Refinitiv data.
Shares of heavily shorted firms can at
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