Why Tesla Stock Jumped Higher (Again) on Tuesday

Shares of Tesla (NASDAQ: TSLA) are continuing their torrid move higher on Tuesday. The stock rose as much as 20.5% during the trading day -- on top of a near-20% gain on Monday. At one point on Tuesday, the stock crossed $940. As of 11:15 EST, however, Tesla shares were up 14% -- trading arond $890.

The stock's gain follows bullish commentary on the stock from major Tesla shareholder Ron Baron, whose investment firm boasts 1.63 million Tesla shares and hasn't sold a single share of the electric-car maker since it started buying the stock in 2014.

Model 3. Images source: Tesla.

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Source Fool.com