Tesla shares bounce on memo

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The shares have shed about 60 percent of their value in three weeks. Musk told employees in a memo late Wednesday that the company had more than 50,000 net new orders this quarter, and has a chance to beat the record 90,700 deliveries set in the fourth quarter of last year.