Why Tesla Stock Jumped on Friday

Shares of Tesla (NASDAQ: TSLA) spiked higher on Friday, rising as much as 5.7%. By the time the market closed, however, the stock was up 4.8%. The stock's gain impressively came as the overall market declined sharply. The Nasdaq Composite, for instance, fell 0.85%.

Shares of the growth stock are likely up due to a couple of items circulating on Twitter that indicate the company may be having a better 2021 than some analysts are planning for.

Image source: Tesla.

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Source Fool.com