Why Tesla Stock Jumped on Thursday

Shares of electric-car maker Tesla (NASDAQ: TSLA) rose sharply on Thursday. The stock ended the trading day up 5.3%, trading at nearly $656.

The growth stock's gain was likely caused by a combination of an overall bullish day in the stock market and S&P Global's (NYSE: SPGI) move to increase its credit rating on the automaker's debt.

Image source: The Motley Fool.

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Source Fool.com