Why Tesla Stock Rose Sharply on Wednesday

Shares of electric-car company Tesla (NASDAQ: TSLA) jumped on Wednesday, rising as much as 10.5%. As of 10:15 a.m. EDT, however, the stock was up about 6%.

The stock's gain followed its sharpest-ever one-day drop on Tuesday. The stock's rise today, therefore, suggests some investors think shares were oversold.

Image source: Getty Images.

Continue reading

Source Fool.com