Why Tesla, Inc. Stock Jumped Wednesday

Shares of electric-car company Tesla (NASDAQ: TSLA) jumped as much as 5.3% on Wednesday, recovering from a sharp decline on Tuesday. By the end of the trading day on Wednesday, Tesla stock was up about 4.9%.The stock's rise on Wednesday may be nothing more than a rebound from Tuesday's decline, as investors reconsider the implications of news that Tesla received a "voluntary request for documents" from the Justice Department regarding CEO Elon Musk's controversial tweet about how he was considering taking the company private.Image source: Tesla.Continue reading

Topics:  nasdaq   tsla    justice department   ceo elon musk   tesla   stock   jumped   wednesday   company   decline   tuesday   
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