Tesla Motors made a comeback Wednesday, one day after Goldman Sachs issued a bearish research report on the electric car maker.
Tesla(TSLA) shares rose more than 10%, recovering most of the previous day's sharp losses. It ended the day at $120.25.
The stock plunged Tuesday after Goldman Sachs(GS) analysts gave Tesla a price target of $84 a share, based on the average outcome of three scenarios it foresaw for the company.
The report was released one day after Tesla shares hit an all-time trading high above $133 a share, capping a spectacular run from $33 a share at the beginning of the year.
Tesla, the brainchild of technology mogul Elon Musk, reported its first quarterly profit in May, and its flagship Model S has received rave reviews. But the 10-year-old company is merely expected to break even this year.