Tesla is bouncing Thursday as a tech rally sparked by Microsoft's earnings lifts sentiment, aided by an oversold rebound near July lows.

Coming into Thursday trading, Tesla stock has dropped for six straight days, losing 21% over that span.

US stocks rise with Nasdaq up 600 points, Dow up 0.69% and S&P 500 up 1.29%. Tech shares up 5%, communication services down 3.3%. Microsoft jumps 15% after strong earnings.