Why Tesla Stock Jumped on Wednesday

Shares of Tesla (NASDAQ: TSLA) jumped on Wednesday, climbing 3.6% by the time the market closed. The move extends the stock's recent bullish momentum.

While there was no specific reason for the growth stock's gain on Wednesday, shares have been generally trending upward lately. This could be a continuation of that trend. In addition, it was an upbeat day for the overall market, with the S&P 500 and the Nasdaq climbing about 0.7% and 1%, respectively.

Tesla vehicles. Image source: The Motley Fool.

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Source Fool.com