Balanced News: Tesla shares rise over 2% in premarket after Musk promises to step down as Twitter CEO

Shares of Tesla Inc. TSLA, -8.05% rose 2.2% to $140.60 in premarket trading on Wednesday, after the Chief Executive Officer Elon Musk vowed to abide by Twitter poll in which 57.5% of voters said he should give up that top post at the social media company. Tesla shares are now worth less than oil giant Exxon XOM, +1.45% and set for their worst month, quarter and year in history. Shares tumbled 8% on Tuesday after falling below what is seen as a “critical battle line” of $150 a share.