Why Tesla Stock Jumped on Monday

Shares of electric car company Tesla (NASDAQ: TSLA) surged higher on Monday. Shares were up about 5.7% as of 3:30 p.m. EDT.

The growth stock's gain was fueled both by a bullish day in the stock market and news that Tesla has reportedly entered into an agreement with Luminar Technologies (NASDAQ: LAZR) for testing and development of Luminar's laser-sensor technology.

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Source Fool.com