Tesla Stock Recovers After Its Hardest Fall

Tesla Stock Recovers After Its Hardest Fall Tesla stocks recovered after its hardest fall. Tesla, which recorded its highest decrease on Tuesday, started to recover its losses yesterday.   Tesla Stock Recovers After Its Hardest Fall Tesla Inc.'s stocks, which dropped 21 percent on Tuesday, its steepest fall ever, rose 10.92 percent on Wednesday. The electric vehicle manufacturer, which spent the entire Wednesday in the green zone, rose in the second half of the day and completed the day at $ 366.28.   Although Tesla gave signals of strength yesterday, was not able to recover all of its losses. So much so that the company's shares are behind 26 percent this month. Explaining the decrease in question is due to the company's share offering of $ 5 billion at the beginning of September, the positional reduction of the company's largest outside shareholder, the unexpected cancellation to include of the share in the index, General Motors' participation in a partnership with one of the Tesla's competitors, the valuation of technology shares at very high levels. In addition, the biggest source of the sharp drop in the company was that it was not included in the Standard & Poor's 500 (S&P 500) Index on Tuesday. The rise recorded on Wednesday was an overall rise in technology stocks. The Nasdaq Composite Index rose 2.71 percent on Wednesday, the biggest increase since April 29; Apple and Amazon valued 3.99 percent and 3.77 percent, respectively. Tesla shares have valued 337 percent since the beginning of 2020.