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Benzinga
Benzinga
Business
Melanie Schaffer

Tesla Bounces Higher: Is The Stock Charged Up For Another Bull Cycle? Or Bracing For Downtrend?

Tesla Inc. (NASDAQ:TSLA) gapped down to start the trading day on Monday after three bearish days between Wednesday and Friday dropped the stock down almost 13%.

After the market opened, the Austin, Texas-based car company began to bounce about 1.7%. Whether a multi-day rebound is in the cards or whether the morning price action is a bull trap will take some time to become known.

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