Why Tesla Stock Jumped on Tuesday

Shares of electric car maker Tesla (NASDAQ: TSLA) jumped on Tuesday, rising as much as 4.4%. As of 11:50 a.m. ET, however, the stock was up about 3%.

The move higher was likely driven both by an upbeat day in the overall stock market and an analyst's move to hike his price target on the stock. 

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Source Fool.com