Tesla stock wobbly today: what's fueling the price swings

Tesla stock was wobbly on Wednesday. Tesla stock rose as much as 1.3% at $412.51 in early trading. However, the EV major gave up those gains pretty soon to trade near the flatline. At the time of writing, shares of Tesla recovered a bit and were up around 0.8%. The S&P 500 and Dow Jones Industrial Average were up 0.1% and 0.2%, respectively. The uneven movement comes as CEO Elon Musk announced that production of the company’s purpose-built robo-taxi, known as the Cybercab, had begun. The announcement signalled early progress on a vehicle that is central to Tesla’s long-term strategy in autonomous transportation and artificial intelligence. Early production supports April timeline Analysts said the start of production appears to support…