Why Tesla Stock Jumped on Friday

Shares of (NASDAQ: TSLA) jumped on Friday, rising about 5.8% by 9:50 a.m. ET. The stock's gain came after General Motors (NYSE: GM) said Thursday afternoon that it is partnering with Tesla to start enabling its electric vehicles (EVs) to charge at Tesla's fast-charging stations, called Superchargers. 

Adding to the fuel for Tesla stock on Friday, several analysts have already commented on the news, noting that it's a positive development for the electric car maker.

"Our vision of the all-electric future means producing millions of world-class EVs across categories and price points, while creating an ecosystem that will accelerate mass EV adoption," said GM CEO Mary Barra in a press release Thursday afternoon. "This collaboration is a key part of our strategy and an important next step in quickly expanding access to fast chargers for our customers."

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Source Fool.com