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Tesla rebounds after valuation dipped below $1 trillion

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By Sruthi Shankar and Subrat Patnaik (Reuters) -Tesla Inc’s stock bounced on Wednesday after a multi-day selloff endangered the electric-car maker’s position in the $1 trillion club. Tesla rallied 4.3% to $1,067.95, closing higher for the first time since Chief Executive Elon Musk on Saturday polled Twitter users about selling 10% of his stake. Earlier in the session, Tesla dropped as much as 3.5%, briefly pulling the company’s market value below the $1 trillion mark reached last…

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