Tesla Inc.'s stock climbed more than 1% on Wednesday as investors reacted to robust sales figures from China and renewed bullish sentiment from Wall Street analysts, helping the electric vehicle maker shake off recent concerns over delivery trends and regulatory pressures.
Tesla (NASDAQ: TSLA) shares opened at $402.22 and traded in a range of $402.15 to $416.38 during the session, closing around $406 amid elevated volume of more than 50 million shares. The gain marked a rebound from Tuesday's close of $399.24, pushing the company's market capitalization above $1.52 trillion.
