Tesla Stock Closes In on $2,100. Here's Why It's Rising Sharply Again
Shares of Tesla (NASDAQ: TSLA) jumped sharply on Friday, extending the stock's torrid run-up over the last year. As of 2:45 p.m. EDT, the stock was up about 4.5% on Friday. This put shares above $2,090 -- an incredible accomplishment considering the stock was trading at just $211 one year ago.
The growth stock's gain is likely driven primarily by bullishness from investors ahead of the electric-car maker's planned stock split later this month. In addition, AdvisorShares CEO Noah Hamman, a market strategist, said in an interview with Yahoo! Finance on Friday that he thinks $2,000 per share could look "fairly low" one to two years from now.
Tesla factory. Image source: The Motley Fool.
Source Fool.com
