Tesla Stock Rallies 10%

Video Credit: Wochit News
Published on September 9, 2020 - Duration: 00:34s

Tesla Stock Rallies 10%

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.

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Tesla, Inc.

American automotive and energy company
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American technology and e-commerce company
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South African-born American entrepreneur
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