Why Tesla Stock Jumped on Monday

Shares of electric-car maker Tesla (NASDAQ: TSLA) popped on Monday, rising 2.3% as of 10:45 a.m. EDT.

The growth stock's sharp gain was likely due to high demand for shares ahead of the company's earnings report this week, as well a bullish note on the stock from Wedbush analyst Daniel Ives.

Model 3. Image source: Tesla.

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Source Fool.com