Why Tesla Stock Jumped on Monday

Shares of electric car maker Tesla (NASDAQ: TSLA) are up sharply on Monday. The stock rose as much as 6% and is up 4.6% as of 11 a.m. EDT.

The growth stock is likely up due to both a bullish day for the overall market and a recent note from investment management company ARK Invest on Tesla stock.

Tesla's Cybertruck. Image source: Tesla.

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Source Fool.com