Why Tesla Stock Soared Monday
Shares of electric-car company Tesla (NASDAQ: TSLA) jumped on Monday, rising about 9% by the time the market closed.
The stock's gain follows a pullback in the stock price toward the end of last week. Some investors may have thought drawdown on Friday created a good buying opportunity, helping drive a rebound in the stock on Monday. But there are other potential reasons for the stock's gain on Monday, including bullishness in the overall market and speculation that the automaker is going to build new and improved batteries at its factory in Berlin, Germany based on new technology.
Tesla factory. Image source: The Motley Fool.
Source Fool.com
