Why Tesla Stock Soared Higher on Tuesday

Shares of electric car and green energy company Tesla (NASDAQ: TSLA) soared on Tuesday. As of 3:42 p.m. EDT, the stock was up by about 7.8%

The stock was likely trading higher due to a combination of the market's upbeat mood regarding growth stocks and some recent optimistic notes about the company from analysts.

Tesla factory. Image source: The Motley Fool.

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Source Fool.com