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Why Tesla Stock Jumped Higher on Friday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) jumped on Friday, rising as much as 5.4%. As of 11:50 a.m. EDT, the stock was up 4.1%

The growth stock's move follows a sell-off of the automaker's shares in recent days, implying that the stock price's gain on Friday may simply reflect a bounce higher as investors pile into the stock after some big selling, trying to take advantage of the lower price. Even including the stock's rise on Friday, shares are still down 8% this week and 15% this month.

Image source: Getty Images.

Source Fool.com

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