Why Tesla Stock Soared Higher on Tuesday

Shares of electric-car maker Tesla (NASDAQ: TSLA) soared again on Tuesday, adding to its recent rebound. As of 12:20 p.m. EDT, the growth stock was up 12.3%

The gain follows an upgrade from an analyst who says the young automaker is better positioned than its legacy competitors during the coronavirus pandemic.

Image source: Tesla.

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Source Fool.com