Why did Tesla stock rally today? Momentum seems to be building
Justin Sullivan

Tesla (NASDAQ:TSLA) racked up a 7.51% gain on Tuesday to close at $209.25. The electric vehicle stock generated momentum during the session to end up at the highest level in three months on high volume of 214M shares. 
The momentum could continue in the Wednesday session after Tesla (TLSA) landed a new bull rating late in the day. Barclays initiated coverage on the EV stock with an overweight rating and a price target of $275. Analyst Dan Levy made the case that valuation is reasonable at the current level for a company leading the sector in EVs and software.
Tesla's (TSLA) big gain came on the same day as Ford Motor Company (F) announcing that it halted production and shipments of its electric F-150 Lightning pickup due to a battery issue.
Tesla (TSLA) still trades below its 200-day moving average of $225.47.