Why Tesla Stock Finally Popped Today

Stock markets bounced back broadly on Tuesday morning, with the S&P 500 gaining back 1.5% after losing money for three straight days, and the Nasdaq popping 2.2%.

Electric-car leader Tesla (NASDAQ: TSLA) is riding the rally and up 3.4% as of 10:10 a.m. ET -- but beware! Investors appear to be in the mood to buy tech stocks again today, on the theory that three days of selling must have turned at least some stocks into bargains. But when it comes to Tesla stock in particular, the news is actually not good.

Image source: Getty Images.

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Source Fool.com