Tesla stock was on fire in early action, soaring 9% in premarket trade and helping to lift the Nasdaq 100. The stock did drop 8% over the last five days, though it's up 47% over the last month.

Major U.S. stock indexes were higher Monday afternoon as the U.S. equities market looks to rebound from a sharp sell-off at the end of last week.

U.S. stocks are ticking higher as Wall Street recovers some of last week’s sharp slide. The S&P 500 rose 0.3% in afternoon trading Monday.

Wall Street’s major averages opened mixed on Monday’s trading session after investors watched the broader markets close lower after the latest rally fueled by the presidential election faded. In the early part of the day the S&P 500 (SP500) was +0.