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Why Tesla Stock Jumped More Than 10% on Monday

Daniel Sparks, The Motley Fool
Why Tesla Stock Jumped More Than 10% on Monday

Tesla's recently reported better-than-expected delivery total in the second quarter has one analyst revisiting his expectations for the growth stock. Tesla's robust second-quarter deliveries were notable since they occurred during a quarter in which the company's main U.S. factory was shut down for the first half of the quarter. Furthermore, with more than 193,000 vehicles delivered during the first half of the year and production of the company's new Model Y ramping up, Tesla now has a shot at achieving its pre-coronavirus 2020 outlook for more than 500,000 vehicles this year.