Tesla ( TSLA 1.90%) shares surged nearly 5% Tuesday morning, getting a boost from some recent electric vehicle (EV) sales data. The stock also received support from a bullish call by a Wall Street analyst. Tesla shares pared some of the early gains with the stock trading higher by 2% as of 2:22 p.m. ET.

Shares of Tesla Inc. slid 1.72% to $396.36 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.52% to 42,518.28 and the NASDAQ Composite Index falling 0.