Tesla Stock Surged After Elon Musk Said These 5 Things Last Week

Last week was a positive one for investors, with the Nasdaq-100 technology index jumping by 3.3%. But it was even better for shareholders of electric vehicle (EV) powerhouse Tesla (NASDAQ: TSLA), because that stock surged 7.5%.

The strong gain followed the company's annual meeting and CEO Elon Musk's interview with CNBC journalist David Faber, where he shared a number of Tesla updates and even revealed some information investors hadn't heard before. Here are five of the biggest takeaways, and they might even convince you to buy the stock. 

Last year, Musk acquired social media platform Twitter in an enormous deal worth $44 billion. He has served as the company's CEO ever since, navigating a very difficult period where he says it was just months away from bankruptcy. But now that the situation has stabilized, he's ready to step away from the executive role. 

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Source Fool.com