Tesla Inc.

(NASDAQ:TSLA) shares are bouncing Thursday as a sweeping technology rally sparked by Microsoft's earnings explosion lifts sentiment across high-beta names, with the stock also benefiting from an oversold bounce after drifting toward its July lows in recent sessions.

Tesla shares are trending higher.

Why are TSLA shares climbing?

Microsoft's Record Quarter Sends Technology Stocks Surging The catalyst behind Thursday's broad market strength has little to do with anything Tesla-specific.