Tesla Rebounds After Valuation Dipped Below $1 Trillion

Tesla Rebounds After Valuation Dipped Below $1 Trillion
Tesla Inc. CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China, on Jan. 7, 2020. Aly Song/Reuters
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Tesla Inc’s stock rebounded on Wednesday in volatile trading after a multi-day selloff endangered the electric-car maker’s position in the $1 trillion club.

Tesla rallied almost 3 percent at $1,054, on track to close higher for the first time since Chief Executive Elon Musk on Saturday polled Twitter users about selling 10 percent of his stake.