Why Tesla Stock Jumped on Thursday

Shares of Tesla (NASDAQ: TSLA) jumped on Thursday, rising as much as 8.7%. As of 10:33 a.m. EDT, however, the stock was up 4.6%.

The growth stock's sharp gain follows the electric-car maker's first-quarter earnings release. Fueling investor optimism for the stock, Tesla announced better-than-expected adjusted earnings per share for the period.

Tesla Model 3. Image source: Tesla.

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Source Fool.com