Why Tesla Stock Jumped 6% This Morning

Why Tesla Stock Jumped 6% This Morning

The growth stock's gain followed an analyst's upgrade. Piper Sandler analyst Alexander Potter boosted his 12-month price target on Tesla stock from $480 to $515. The heightened view for Tesla comes after an analysis of the company's energy business and Elon Musk's compensation package -- factors that are generally "poorly understood" but are also becoming increasingly material for the company, explains Potter.