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Why Tesla Stock Finally Bounced Today

admin 2022.05.23 15:39 Views : 75

Why Tesla Stock Finally Bounced Today

 

The electric vehicle powerhouse isn't back on track yet -- but by tomorrow, it could be.

What happened

Shares of electric vehicles leader Tesla (TSLA 1.66%) broke a three-day losing streak on Monday, bouncing back a respectable 2.3% as of 12:05 p.m. ET.

The company announced today that it will resume production at its Shanghai gigafactory as early as tomorrow at levels prior to the recent COVID-19 lockdowns there.  Screenshot 2022-05-04 015743.png

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