Why Tesla Stock Surged Even Higher on Wednesday
Shares of electric car maker Tesla (NASDAQ: TSLA) have been on a tear recently. The stock broke out into new all-time highs last week and has risen even more this week.
The growth stock's gain on Wednesday likely reflects continued momentum in the share price, as well as upbeat commentary from Wedbush analyst Daniel Ives about Tesla's potential for more bulk orders for Tesla vehicles, like the one rental-car specialist Hertz (OTC: HTZG.Q) recently made.
Tesla shares were up 3.5% as of 12:30 p.m. EDT on Wednesday.
Source Fool.com
