Tesla Just Had its Best Trading Day This Year

Shares of electric vehicle maker closed up over 8% on Tuesday, making it the best day of trading for the stock since 2019 began.

Tesla has had a rough few months and has fallen almost 42% for the year. It has been the worst performer of the Nasdaq 100 Index.

According to Cornerstone Macro technical analyst Carter Worth, shares of Tesla may have fallen so much that now they are a good buy.

Worth said Tuesday on CNBC’s “Fast Money ” that Tesla has “undershot by such an amount that actually it’s so bad, it’s good.”

It was last month that CEO Elon Musk said that he plays to buy around $10 million of Tesla’s stock in an offering. Tesla has plans to raise $2 billion. He also sent a company email that said that money would only help the company through 10 months if Tesla didn’t cut back its spending.

He had written that “hardcore” cost-cutting measures would be so granular that he would “personally review and sign every 10th page” of outgoing payments.

In other news it has been reported that Tesla is keeping its employees from joining Blind, an anonymous social network is used by tech workers to speak freely about work place complaints.

“Tesla is the only company that is blocking its own employees from accessing or signing up on Blind,” a Blind spokesperson told Gizmodo in an email. “We found out about this issue through emails from our users, saying they were unable to receive verification emails from us and from posts on the public channel, where already verified Tesla employees raised the issue. Then we looked into the verification rates and we could confirm that Tesla is preventing employees from accessing Blind.”

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.