Shares of Tesla Inc. jumped 4.0% in afternoon trading Wednesday, putting them on track for their best day this month and the first gain in eight sessions....
Shares of Tesla Inc.
jumped 4.0% in afternoon trading Wednesday, putting them on track for their best day this month and the first gain in eight sessions. The electric vehicle maker’s stock had plunged 30.8% amid a seven-day losing streak through Tuesday, which lead to a deeply oversold technical condition. Even with the stock’s bounce on Wednesday, which would be the biggest one-day gain since it climbed 7.7% on Nov. 30, it was still headed for the worst monthly performance — down 41.
jumped 4.0% in afternoon trading Wednesday, putting them on track for their best day this month and the first gain in eight sessions. The electric vehicle maker’s stock had plunged 30.8% amid a seven-day losing streak through Tuesday, which lead to a deeply oversold technical condition. Even with the stock’s bounce on Wednesday, which would be the biggest one-day gain since it climbed 7.7% on Nov. 30, it was still headed for the worst monthly performance — down 41.
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