Why Tesla Stock Jumped Tuesday
Shares of electric-car company Tesla (NASDAQ: TSLA) jumped on Tuesday, rising as much as 9.9%. As of 2:50 p.m. EDT, the stock had settled to a 4.9% gain.
The move was likely fueled by combination of a gain in the overall market following a huge sell-off on Monday and a report from Reuters, noting that the automaker has submitted a document to the Shanghai government detailing plans to increase production capacity on some parts for its vehicles made at its China-based factory.
The interior of a Tesla Model 3. Image source: Tesla.
Source Fool.com
