Electric vehicle maker Tesla Inc. TSLA continues to be the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Thursday.
What Happened: Exchange-traded fund SPDR S&P 500 ETF Trust SPY is seeing the highest interest on the forum with 689 mentions as at press time, followed by Tesla with 216 mentions, data from Quiver Quantitative showed.
Graphics chipmaker Nvidia Corp. NVDA and tech giant Apple Inc. AAPL are in the third and fourth positions, having attracted 171 and 167 mentions, respectively.
See Also: How To Buy Tesla (TSLA) Stock
Why It Matters: It was reported on Wednesday that Tesla's newest software update can now tell customers when their tire tread is low, or when a tire rotation is recommended.
Tesla has also secured regulatory approval for three more models in India as it moves close to launch in the world’s fifth-largest auto market.
Apple’s shares gained almost 3% on Wednesday, rising along with other tech stocks in a relief rally after the Federal Reserve said it will be accelerating its monthly asset purchase tapering, as expected by the market.
Price Action: Tesla’s shares closed 1.8% higher in Wednesday’s regular trading session at $975.99 and further gained 1.4% in the after-hours session to $990.00.
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