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Why Tesla Stock Surged Past $500 Monday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) popped on Monday, rising 8.3% as of 12:14 p.m. EST. This put the stock at just over $517, an all-time high.

The gain follows an analyst's decision to significantly increase his 12-month price target for the stock, citing the electric-car maker's achievement of "critical scale," enabling consistent free cash flow.

Image source: Tesla.

Source Fool.com

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