Why Tesla Stock Jumped Sharply on Monday

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Shares of Tesla (NASDAQ: TSLA) soared on Monday. The stock rose as much as 7%. At 10:15 a.m. EDT, however, shares were up 4.6%.

The growth stock was up following the electric-car maker’s first-quarter vehicle deliveries report over the weekend. The company reported deliveries for the period that crushed analysts’ estimates, giving investors more confidence in Tesla’s growth trajectory.

Image source: Getty Images.

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