Why Tesla Stock Jumped This Week

Shares of Tesla (NASDAQ: TSLA) surged higher this week, rising as much as 20.9%, according to data from S&P Global Market Intelligence. As of this writing on Friday morning, the stock is up a total of 20% this week.

The growth stock's gain was fueled by the continued momentum of its shares since the company reported strong third-quarter earnings earlier this month, a big order of Tesla vehicles from Hertz, and a number of analyst upgrades for the electric-car maker's stock.

Tesla's factory in California. Image source: The Motley Fool.

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Source Fool.com