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Why Tesla Stock Is Heating Up Again

TheMotleyFool

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About 10 days ago, I wrote about how Tesla (NASDAQ: TSLA) was cutting its electric vehicle (EV) prices. I argued that Tesla wasn't doing so just because it wanted to boost demand for its vehicles, but rather to ensure that more people buying them would be able to claim the $7,500 federal tax credit for qualifying EVs.

Nor was I the only one to notice this -- a Wall Street Journal article published this weekend makes the same point.

And now, as of 1:20 p.m. ET Monday, Tesla stock is up another 7.5%.

Source Fool.com

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