Why Tesla Stock Jumped on Thursday

Shares of Tesla (NASDAQ: TSLA) jumped higher on Thursday. The stock rose as much as 4.6% but is up 3.8% as of 12:55 p.m. ET.

The electric car maker's stock is likely up due to a combination of an upbeat day in the market and an analyst's move to reiterate a buy rating on shares.

Tesla factory. Image source: The Motley Fool.

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Source Fool.com