Why Tesla Stock Inched Back Up Today

Rich Smith, The Motley Fool
·2 min read
Why Tesla Stock Inched Back Up Today

One day after falling victim (like every other stock on the planet) to yesterday's sell-off on the S&P 500, and suffering an extra dose of bad news from the National Transportation Safety Board, shares of electric car company Tesla's (NASDAQ: TSLA) stock enjoyed a modest reprieve on Tuesday, rising about 1.5% through 3:15 p.m. EDT. Part of the credit for that, though, goes to General Motors (NYSE: GM). As TheFly.com reminds today, GM announced late last week that it will extend the production shutdown of Chevrolet Bolt electric cars at its Michigan Orion Assembly Plant through at least Oct. 15.

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