In midafternoon trading, the stock was up 4.4%. What gives?
Well, the market is helping. The S&P 500 was up 1.6% after dropping 2.4% on Monday. Tesla fell 5.8%.
Volatility cuts both ways as Frank Cappeller, CappThesis’ founder and market technician, points out. When seas are rough, stocks bob up and down more than in calmer waters.