Why Tesla Stock Jumped on Monday

Shares of electric vehicle company Tesla (NASDAQ: TSLA) jumped sharply on Monday, climbing as much as 4.5%. As of 12:30 p.m. EDT today, the stock was up 4%.

The stock's gain was likely fueled primarily by bullish commentary from New Street analyst Pierre Ferragu. 

Tesla's Model Y. Image source: Tesla.

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Source Fool.com