Why Tesla Stock Jumped More Than 10% on Monday

Shares of Tesla (NASDAQ: TSLA) jumped on Monday, rising more than 10% as of 11:54 a.m. EDT. The gain adds to a huge run-up in the electric-car maker's stock recently. Shares are up 218% year to date and nearly 40% in the last five trading days alone.

The stock's move higher on Monday was likely driven primarily by an analyst's decision to raise his 12-month price target for the stock to $1,500. 

Image source: Tesla.

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Source Fool.com