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Why Tesla Stock Jumped on Thursday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) jumped by as much as 5.3% on Thursday morning following its third-quarter earnings release. As of 11:30 a.m. EDT, however, the electric-car maker's stock was up about 3%.

The growth stock's move higher was driven by stronger-than-expected results. Both Tesla's revenue and non-GAAP earnings per share for Q3 easily beat analysts' consensus forecasts.

Image source: Getty Images.

Source Fool.com

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