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Why Tesla Stock Jumped 7% Early Today

TheMotleyFool

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Why Tesla Stock Jumped 7% Early TodayPhoto, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png

Shares of Tesla (NASDAQ: TSLA) roared out of the gate Monday morning and were up 7.1% at 10:55 a.m. EST, boosted by a bullish analyst note from investment bank Wedbush over the weekend.

It's not a surprise that investors are excited: As multiple news outlets are reporting, Wedbush set a $1,000 "bull case" target price on Tesla stock, apparently predicting that it will double off of Friday's closing price of $489 and change.

Image source: Tesla.

Source Fool.com

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