(Bloomberg) — About $55 billion of Tesla Inc. shares were traded Tuesday as investors piled into a rally that has doubled the electric-car maker’s stock price since the start of the year.To put it into context, that’s just over five times the volume of the stock with the day’s second highest turnover, Apple Inc. As noted by Morgan Stanley, the record trading also exceeded this year’s average repo operation conducted by the Federal Reserve to support the overnight funding needs of the U.S. banking sector. The average daily value of Tesla stock changing hands last year was $2.5 billion.Touted reasons …read more
Source:: Yahoo Finance
