Shares of Tesla ( TSLA 22.25%) are rebounding on Wednesday. The electric vehicle (EV) stock gained 5.2% as of 1:05 p.m. ET after gaining 6.4% earlier in the day. The bounce comes as the S&P 500 and Nasdaq Composite were green even as more retaliatory tariffs on the U.S. were announced.

We believe the recent stock pullback and sales declines, while significant, are overblown considering the near-term issues impacting the company and the scope of opportunities around the corner,” Benchmark analyst Mickey Legg wrote in a note released Wednesday.

Tesla stock (TSLA) investors are feeling the squeeze. The stock slid nearly 7% last week as fresh tariffs from the U.S. and China rattled