** Shares of Tesla TSLA.O rise nearly 3% to $231.76 premarket following a near 10% slide over the past two sessions
** The EV maker's shares rise as megacap stocks gain ground following steep selloff on Tuesday .N
** Co also receives the first in a series of approvals from California required for the electric car maker to eventually launch a promised robotaxi service in the state
** With its ~44% slump YTD, TSLA is the worst performing Magnificent Seven stock
** The Roundhill Magnificent Seven ETF MAGS.Z has dropped 15.5% so far this year
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
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