What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4.2% in the pre-market session after Cantor Fitzgerald analysts upgraded the stock from Neutral to Buy. The analysts added,

TSLA stock has declined significantly from its recent peak, but that peak was mostly due to a wave of hype after Donald Trump was elected. Elon Musk’s involvement was seen as a bullish thing not only for Tesla, but for the broader economy and many Tesla investors thought this could bring about a boom for the company as Musk gains sway in D.C.

It’s been another bad week for the EV maker as Chinese rivals ramp up and Cybertrucks face more quality concerns. It’s been another bad week for Tesla shares so far. After closing down again yesterday,

Tesla stock rebounded on Wednesday on news the EV-maker was one stop closer to robotaxi ride-hailing in the state of California.

Tesla on Tuesday received the first in a series of approvals from California required for the electric car maker to eventually launch a promised robotaxi service in the state, according to a state regulator.

Tesla (TSLA) has officially obtained a permit in California to operate an internal fleet for a ride-hailing service, but