Tesla Inc. (NASDAQ:TSLA) opened about 7% higher on Thursday after plunging the same amount on Wednesday, to reach a new two-year low of $177.59.
Intraday, the stock ran into a group of sellers who knocked the stock down off the daily high, indicating Tesla may be settling into an inside bar pattern. The EV giant has declined about 24% since the market opened in November, partly due to Tesla CEO Elon Musk’s acquisition of Twitter and his related decision to sell another chunk of his Tesla stake to fund the purchase.
