3/9, 2:08 PM (Source: TeleTrader)
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Chart for: Tesla

Tesla surges over 5% premarket after drop

Shares of Tesla soared over 5% during premarket trading on Tuesday after suffering a nearly 6% drop at the end of the previous session.

Tesla dropped on Monday amid a broader selloff on the Nasdaq 100, but shares bounced back as new electric vehicle sales from China were released. According to the China Passenger Car Association, Tesla sold 18,318 vehicles in February, up 18% compared to January's sales.

Tesla was up 5.33% to $593 per share at 7:00 am ET.

Breaking the News / JC