The stock has been trending positively for about a month. Elon Musk's EV company has recovered 90.3% since descending to a significant low of $108.1 around a month ago.
Fundamental indicators – highly important Crude Oil Inventories data from United States beat analyst expectations of 457,000 with a reading of 1.17 million.
Tesla's stock value drop coincides with Lowe's is down 4.71% from the beginning of the session and now trades around $196.06.
Positive performances can be seen by looking at other consumer discretionary stocks as Alibaba is up 3.07% to $90.49. Pinduoduo gained 5%, currently at $92.11.
Upcoming fundamentals: United States Initial Jobless Claims projected to come out at 195,000 — worse than previous data of 192,000; data will be released tomorrow at 13:30 UTC.