More detail about Tesla rebound in the premarket today

As noted here earlier this morning, the Nasdaq 100 futures are still pricing a higher opening for later today, following two straight days of gains for the index. The driver for the rebound this morning looks focused on the rise in the Tesla premarket price today. As noted, despite missing on the top and bottom line for a third quarter in a row, the stock is currently priced to open markedly higher later today. The conference call from Elon Musk last night following those disappointing results seems to have soothed investors angst and helped to see the premarket price today rise by more than 13% right now. As also noted here yesterday, the weaker numbers from Tesla was probably priced in ahead of the release and right now that seems to be the case.