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Why Tesla Stock Climbed 24.3% in December

Keith Noonan, The Motley Fool
·3-min read
Why Tesla Stock Climbed 24.3% in December
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Shares of Tesla (NASDAQ: TSLA) rose 24.3% in December, according to data from YCharts. The red-hot electric vehicle manufacturer appears to have benefited from being added to the S&P 500 index, strong vehicle delivery numbers, and favorable coverage from analysts. Tesla was added to the S&P 500 before the market opened on Dec. 21, which meant that the many funds tracking the popular index had to acquire the company's shares.