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Why Tesla Stock Jumped Again Monday

TheMotleyFool

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Another day, another new high for Tesla (NASDAQ: TSLA) stock. Shares of the electric-car maker soared as much as 16.2% on Monday. As of 11:50 a.m. EDT, the stock was up about 12%. This puts shares up more than 600% over the past 12 months and over 300% year to date.

Shares of the growth stock are likely up for a combination of reasons, including building on last week's momentum, speculation that the stock will soon be included in the S&P 500 index, and analyst commentary about the company's upcoming Battery Day event.

Image source: Tesla.

Source Fool.com

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