Why Tesla Stock Shot Higher After Elon Musk's Comments

Not many people expected an earnings beat from Tesla's (TSLA 5.93%) first-quarter report last night. The results were even worse than anticipated in many respects. Yet Tesla stock soared Wednesday morning. As of noon, the stock was trading higher by 6.7%.The source of investor optimism was in the company's earnings call to discuss the results. Some think the worst may now be over for the stock after shares have plunged almost 50% off the highs reached late last year.Elon Musk to spend more time on TeslaThe ...