My companies are suffering because I’m in the government. Do you think it helps sales if, you know, dealerships are being fire bombed? Of course, not.”

Shares of Tesla ( TSLA 0.23%) are surging on Thursday. The electric-vehicle (EV) maker's stock gained 5.2% as of 11:40 a.m. ET and was up as much as 7.3% earlier in the day. The jump comes as the S&P 500 ( ^GSPC -0.33%) and Nasdaq Composite ( ^IXIC -0.53%) showed modest gains.

Tesla shares fell more than 5% on Wednesday, ending the EV maker's blistering rebound out of a prolonged slump.

Tesla shares closed higher Tuesday for the fifth straight session as the EV maker recovers some of the ground lost during a two-month selloff. Monitor these key chart levels.

Tesla stock is—most likely—about to end its nine-week losing streak. To move higher from current levels, it needs to break through a key price. Shares of the electric-vehicle maker were down 2.2% at $267.

Tesla (TSLA) has been battered this year, with its stock price tumbling under the weight of intensifying competition, sluggish international sales, and, of course, CEO Elon Musk’s growing political entanglements.

Tesla stock is—most likely—about to end its nine-week losing streak. To move higher from current levels, it needs to break through a key price.Shares of the electric vehicle maker were up 0.6% in premarket trading at $274.