Why Tesla Stock Soared Higher on Thursday

Shares of electric-car maker Tesla (NASDAQ: TSLA) rose sharply on Thursday, climbing past $1,200 for the first time. Shares rose more than 9% shortly after market open.

Investors cheered the company's strong vehicle deliveries in Q2, which came in far ahead of analyst estimates, despite Tesla's main factory in Fremont, California, being shut down during the first half of the quarter. 

Model S. Image source: Tesla.

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Source Fool.com