Why Tesla Stock Is Higher on Tuesday

Shares of Tesla (NASDAQ: TSLA) moved higher on Tuesday, recovering some of the growth stock's sharp decline last week. Shares rose as much as 4.3% but were up 2.9% as of 11:40 a.m. EST.

The bullish day for the electric vehicle (EV) maker's stock is likely largely driven by an upbeat day in the overall market. But the move could also reflect some opportunistic buying following the stock's recent pullback.

Model S. Image source: Tesla.

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Source Fool.com