Why Tesla Stock Jumped Again on Thursday

On Thursday, shares of electric-car maker Tesla (NASDAQ: TSLA) continued to rebound from their worst one-day sell-off on record earlier this week. The stock jumped as much as 8.9%, but as of 11:15 a.m. EDT today, it had settled to about a 6% gain.

The move higher on Thursday extends Wednesday's rally for the growth stock. Based on this two-day rebound, investors seem to believe that Tesla shares were oversold during a big sell-off on Tuesday, creating a buying opportunity.

Tesla Model X. Image source: The Motley Fool.

Source Fool.com