Why Tesla Stock Jumped Tuesday
Shares of Tesla (NASDAQ: TSLA) jumped on Tuesday, rising as much as 8.1%. As of 1:45 p.m. EDT, however, the stock was up about 5%. The stock's rise notably comes as the broader market is trading lower. The S&P 500 is down nearly 1% at the time of this writing.
Shares of the electric-car maker were likely up due to an analyst's decision to reiterate an outperform rating for the stock.
Image source: Tesla.
Source Fool.com
