Why Tesla Stock Jumped Higher Tuesday

Shares of Tesla (NASDAQ: TSLA) jumped higher on Tuesday. As of 12:30 p.m. EST, the stock was up about 6%. The gain adds to a torrid run-up for the electric-car maker's stock over the last six months.

The stock's sharp move higher on Tuesday comes as several analysts upgraded their price targets for the stock.

Tesla factory in Fremont, California. Image source: The Motley Fool.

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Source Fool.com