Why Tesla Stock Jumped on Monday

Shares of electric-car maker Tesla (NASDAQ: TSLA) are soaring on Monday, up about 9.6% as of 12:23 p.m. EDT.

The stock's big jump is likely fueled by a combination of some bullish analyst commentary, progress on construction at the automaker's factory in Shanghai, and CEO Elon Musk's teaser of an upcoming event.

Image source: Tesla.

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Source Fool.com