Why Tesla Stock Moved Higher on Monday

Shares of Tesla (NASDAQ: TSLA) popped on Monday, rising as much as 9.6%. As of 12:00 p.m. EST, however, the stock was up about 2%.

The stock's move follows a report over the weekend that the electric-car maker's factory in Shanghai will resume production on Monday with the help of the Shanghai municipal government.

Tesla's Model 3. Image source: Tesla.

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Source Fool.com