Why Tesla Stock Surged Higher on Wednesday

Shares of Tesla (NASDAQ: TSLA) surged on Wednesday, climbing as much as 6.2%. As of 11:05 a.m. EST, the stock was up 5.1%. This extends a gain for the stock that occurred yesterday.

The growth stock may be rising on Wednesday simply due to a rebound from last week's sharp sell-off. The stock's gain may also reflect growing buzz on Wall Street for electric vehicles.

Image source: Getty Images.

Continue reading

Source Fool.com