Why Tesla Stock Soared Monday
Shares of electric-car company Tesla (NASDAQ: TSLA) jumped on Monday, rising about 9% as of 1:40 p.m. EDT today.
The stock's gain was likely helped by an overall bullish day on the market, particularly for growth stocks like Tesla, many of which were up several percentage points or more on Monday. In addition, some investors may be buying the stock ahead of Tesla's earnings report this week, hoping the company will report better-than-expected results, potentially driving shares higher.
Image source: Tesla.
Source Fool.com
