Why Tesla Shares Were Rising Today

Tesla's (NASDAQ: TSLA) stock was moving higher today, likely as investors processed an analyst's recent upgrade for the electric vehicle stock and after Cathie Wood-led Ark Investment Management added more Tesla shares to its portfolio yesterday. 

The EV stock was up by 2.5% as of 2:55 p.m. ET Tuesday. 

Yesterday, RBC Capital analyst Joseph Spak upgraded Tesla's stock to outperform from sector perform and put a price target on the company's shares of $1,100.  

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Source Fool.com