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Why Tesla Stock Is Soaring

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) soared following the company's earnings report on Wednesday afternoon. The stock jumped more than 10% at one point in after-hours trading -- and that was on top of a 4% gain during the trading day on Wednesday. The move put shares above $880, or up 270% over the past year and more than 100% in 2020 alone.

The growth stock is absolutely crushing the market.

But what was is it in Tesla's first-quarter update on Wednesday that gave the electric-car maker's stock yet another boost higher? Here's a look at three key reasons investors are optimistic following the electric-car maker's latest quarterly update.

Source Fool.com

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