Tesla stock jumps 2.37% to $187.55 after Thanksgiving

Tesla stock jumps 2.37% to $187.55 after Thanksgiving

The market opened on Friday after Thanksgiving, as the shares of Tesla Inc. TSLA were higher in premarket trading.

The stock was up 2.37% to $187.55 at the last check, according to the data from Benzinga Pro.

The Tesla China unit recall of over 80,000 cars caused the gain to come despite a negative headline.

After hitting a low of $166.19 on Tuesday, the stock rebounded to close higher for the session at $169.91. On Wednesday, positive analyst commentaries regarding Tesla's fundamental strength and the stock's oversold levels sparked a 7.82% rally. The session settled at $183.20.

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On Thursday, Tesla CEO Elon Musk confirmed that the full self-driving software suite will be available for everyone in North America who has paid for the package. Analysts see autonomy as a key revenue driver for the company, despite the controversy over the level of autonomy it can offer.

With the stock nearing near-term support around the $180 level, it could see further strength on follow-through buying. Reversal could drag it towards the next support around the $163 area. The relative strength index, a momentum indicator, is still at 42 a reading that leans toward oversold levels, though it has risen in recent sessions.