Tesla Stock Rallies 10%
- 4 years ago
On Wednesday, Tesla shares rallied as much as 10%.
The rally added about $32 billion in market value to the company.
Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days.
On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization.
Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.
It wasn't added to the S&P 500 as widely expected, and a key shareholder cut its stake.
The rally added about $32 billion in market value to the company.
Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days.
On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization.
Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.
It wasn't added to the S&P 500 as widely expected, and a key shareholder cut its stake.