Shares of Tesla spent the entire session in the green, steadily moving higher during afternoon trading before closing at $366.28, just below the day’s high of $369. Momentum initially continued after the close before the stock reversed course. Around 5 p.m. ET shares were roughly 1.4% lower.
Tesla’s jump came amid a broader rebound in the technology sector. The Nasdaq Composite gained 2.71% on Wednesday for its best day since April 29. Microsoft rallied 4.26%, while Apple and Amazon advanced 3.99% and 3.77%, respectively.
For the year, Tesla shares are up 337%.
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