Tesla stock rallies after plunging a record 21% during Tuesday's tech rout
Tesla shares rallied as much as 7% in pre-market trading on Wednesday.
Apple, Amazon, and other tech stocks were also in the green, after the Nasdaq tumbled a record 10% in three trading days. Elon Musk's electric-car company saw its stock price plunge 21% on Tuesday, erasing $82 billion from its market value. Tesla completed a $5 billion share sale and a five-for-one stock split last week, but it wasn't added to the S&P 500 as widely expected, and a key shareholder cut its stake.Tesla stock jumped as much as 7% in pre-market trading on Wednesday, laying the groundwork for a recovery.on Tuesday, their biggest one-day decline ever. The plunge wiped about $82 billion off Tesla's market capitalization.
Apple, Amazon, Microsoft, Facebook, and Alphabet all rose more than 1% in pre-market trading, pointing to a broader rally for the Nasdaq after the tech-heavy index plunged a record 10% in three trading days.
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