Tesla Share Price Rises in Wake of Selloff

Tesla Inc.’s stock price climbed Wednesday, a sign that the electric-vehicle maker’s shares might stabilize after falling for three consecutive days.

Over the weekend, Chief Executive Elon Musk said in a tweet that he would agree to abide by a Twitter poll that called for him to sell 10% of his stake in the company. The stock has fallen 13% since that tweet, with the shares decreasing 12% Tuesday, their biggest one-day drop since Sept. 8, 2020.