Why Tesla Stock Jumped on Monday

Shares of Tesla (NASDAQ: TSLA) jumped on Monday. Though the stock rose as much as 5.4%, shares are up 4.4% as of 1:10 p.m. EST.

The growth stock's gain followed a report from electric-vehicle news website Electrek stating that Tesla has "already achieved its goal for Model S and Model X deliveries" in the fourth quarter (Q4), allowing employees to focus all their efforts on production and deliveries of the company's higher-volume Model 3 and Model Y vehicles.

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Source Fool.com