Why Tesla Stock Jumped on Friday

·1-min read
Why Tesla Stock Jumped on Friday

Shares of electric-car maker Tesla (NASDAQ: TSLA) moved higher on Friday, climbing more than 3%. The growth stock's gain was likely fueled both by an upbeat day in the overall market and an analyst's increased price target for the shares. On Friday, Jefferies analyst Philippe Houchois boosted his price target for Tesla stock from $850 to $950.

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