Tesla, Inc. (TSLA Quick QuoteTSLA - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 20.2% in the past one-month time frame.

The stock gained after the company reported a 40% sequential increase in its first-quarter 2018 vehicles production, marking it the most productive quarter in the company’s history. Notably, the company’s Model 3 output also rose exponentially and it was able to double its weekly production rate during the quarter by swiftly addressing supply chain and production bottlenecks.  

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Tesla. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Tesla currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Investors interested in the Automotive - Domestic industry may consider General Motors Company (GM Quick QuoteGM - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TSLA going up? Or down? Predict to see what others think:Up or Down

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