Why Tesla Stock Jumped on Monday
Shares of Tesla (NASDAQ: TSLA) jumped Monday morning, rising as much as 5.1%. As of 12:15 p.m. EDT, the stock was up 3.2%.
The growth stock's gain comes as the automaker signed an agreement with Piedmont Lithium (NASDAQ: PLL) for lithium supply. In addition, Tesla may be looking to acquire a stake in LG Energy Solution, a battery business that will soon divest from LG Chem, according to a separate report.
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Source Fool.com
