New Delhi, March 13 -- Tesla share price surged over 7% on Wednesday, marking its second consecutive session of gains amid a broader rally in the US stock market. Tesla shares ended 7.59% higher at $248.09. In the extended trading hours, Tesla shares advanced 1.98%.

The two-day rally in Tesla stock price comes after the billionaire Elon Musk-led electric-vehicle maker's shares saw a 15% plunge on Monday. The stock was up 3.79% on Tuesday.

Tesla share price has declined by over 30% in the past month and is down 35% on a year-to-date (YTD) basis. The weakness in the EV giant's stock follows disappointing sales figures and investor concerns that Chief Executive Elon Musk's potential involvement in the Trump administration may be diverting ...