Tesla Rebounds After Almost Losing $1 Trillion-Club Membership
- Stock halts selloff that wiped out over $200 billion in value
- It’s second-most bought asset on Fidelity’s retail platform
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Tesla Inc. rallied as dip buyers emerged after the electric-vehicle giant’s valuation briefly sank below the $1 trillion mark.
Shares climbed 4.3% to $1,067.95 on Wednesday, halting a three-day selloff that wiped out more than $200 billion from its market capitalization. Tesla was the second-most bought asset on Fidelity’s retail brokerage platform on the day, only behind electric-truck maker Rivian Automotive Inc., which soared in its trading debut.