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Why Tesla Stock Jumped on Friday

TheMotleyFool

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Shares of electric-car maker Tesla (NASDAQ: TSLA) were trading sharply higher on Friday. Specifically, the stock rose as much as 6.7% Monday morning and was up 5% as of 10:50 a.m. ET.

The stock's gain was likely driven by a combination of an upbeat day in the overall stock market, as well as an analyst's bullish comments on the stock on Friday.

Year to date, Tesla stock has declined about 29%. This decline, which is worse than the S&P 500's 13.5% pullback during the same period, has created an attractive buying opportunity for investors, according to Credit Suisse analyst Dan Levy.

Source Fool.com

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