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BREAKING- Tesla Up 5 Percent and Pushing Higher Wednesday (TSLA)

Shares of Tesla (NASDAQ: TSLA) are up more than 5 percent in early trading Wednesday after a day when the stock saw its worst losses since its more than 200 percent move higher.

Tuesday, the stock successfully held its 50 day moving average giving investors confidence that no significant technical damage had been done. As of 9:54 a.m. EDT, the move appears to be a buy on the dip rally.

[stock-tools exchange="NASDAQ" symbol="TSLA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

 

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