Why Tesla Stock Soared Past $640 on Thursday

Shares of electric-car maker Tesla (NASDAQ: TSLA) surged to an all-time high on Thursday. As of 10 a.m. EST today, the stock was up 10.2%, putting it at about $640.

The stock's gain follows the automaker's strong fourth-quarter results and news that its new electric Model Y crossover is coming to market earlier than expected. Revenue and earnings per share during the period beat analysts' average expectations, and free cash flow jumped.

From left to right, Tesla's Model S, 3, X, and Y. Image source: Tesla.

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Source Fool.com