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Why Tesla Stock Jumped on Wednesday

TheMotleyFool

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Shares of Tesla (NASDAQ: TSLA) surged higher on Wednesday, extending the stock's early momentum in 2021. Shares rose as much as 5.3% but were up 4.8% as of 12:35 p.m. EST.

The stock's gain is likely due to a combination of broader market strength in renewable energy stocks and an upgraded analyst price target for Tesla shares.

Image source: Getty Images.

Source Fool.com

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