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Why Tesla Stock Jumped on Friday

TheMotleyFool

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Shares of electric-car maker Tesla (NASDAQ: TSLA) moved higher on Friday, climbing more than 3%. Trading at over $843 at market close, the stock is only 6% off its 52-week high.

The growth stock's gain was likely fueled both by an upbeat day in the overall market and an analyst's increased price target for the shares.

Image source: Getty Images.

Source Fool.com

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