Why Tesla Stock First Crashed, Then Bounced Today

Topsy-turvy Tesla (NASDAQ: TSLA) stock -- which spent most of last week on a downswing -- suffered another sell-off early Monday morning, falling by nearly 5%. But by 10 a.m., it seemed that the market's view was moderating, and the stock bounced. It was still in the red as of 11:40 a.m., but only by about 0.4%.

So what good news helped Tesla cut its losses Monday?

Image source: Getty Images.

Source Fool.com