Why Tesla Stock Is Soaring Again

Shares of Tesla (NASDAQ: TSLA) are rising sharply again, following an 8% gain on Tuesday. The electric-car maker's stock is up following Morgan Stanley analyst Adam Jonas' decision to increase his price target on the stock by $180.

As of 12:10 p.m. EST, the growth stock had climbed as much as 9%.

Model 3. Image source: Tesla.

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Source Fool.com