Why Tesla Stock Jumped on Thursday

Why Tesla Stock Jumped on Thursday

Shares of Tesla (NASDAQ: TSLA) popped on Thursday, rising about 5% as of 2 p.m. EST. The stock's gain follows Goldman Sachs analyst Mark Delaney's decision to boost his 12-month price target for Tesla stock from $455 to $780. Backing his buy rating for the growth stock, Delaney says he believes Tesla is taking share from incumbent automakers faster than he had anticipated.