Why Tesla Stock Jumped on Wednesday

Shares of Tesla (NASDAQ: TSLA) surged higher on Wednesday. The stock rose as much as 5.6%. As of 1 p.m. EST, however, shares were up 4.6%.

The stock's gain signals a rebound from several trading days in a row of declines for the electric car maker's shares. The growth stock's rebound is likely helped by a bullish day for the overall market.

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Source Fool.com