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Aug 7, 2018

Tesla stock jumps 10% after trading halt

BNN Bloomberg

Tesla

Signage is displayed at the Tesla Inc. showroom in Newport Beach, California, U.S., on Friday, July 6, 2018. , Patrick T. Fallon/Bloomberg

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Tesla Inc.'s stock jumped more than 10 per cent Tuesday when shares resumed trading on the Nasdaq at 3:45 p.m. ET.

Trading in Tesla was halted at 2:08 p.m. ETpending the release of news.

The company's CEO, Elon Musk, made waves earlier in the day, tweeting he is considering taking the company private once its share price reaches US$420.