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Tesla’s stock pulls back slightly, a day after soaring to add about $80 billion to the EV maker’s market cap

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Shares of Tesla Inc. pulled back 0.6% in premarket trading Tuesday, a day after the electric vehicle maker’s market capitalization ballooned by $79.6 billion...

Shares of Tesla Inc.

pulled back 0.6% in premarket trading Tuesday, a day after the electric vehicle maker’s market capitalization ballooned by $79.6 billion on the back of an analyst upgrade. So far in Tuesday’s premarket session, Tesla’s stock has been down as much as 1.2% and down as little as 0.4%. On Monday, the stock had run up $25.08, or 10.1%, the biggest one-day percentage gain in eight months, and enough to break through recent technical resistance into bull-market territory.

 

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