Why Tesla Stock Jumped on Monday

·2 min read
Why Tesla Stock Jumped on Monday

Shares of Tesla (NASDAQ: TSLA) rose sharply on Monday. The growth stock's sharp gain was likely due to reports over the weekend that Tesla is set to begin production at its new factory in Germany by next month. On an overall bullish Monday for stocks, the S&P 500 was up nearly 1% as of this writing, and the Nasdaq Composite was up about 1.3%.