Why Tesla Stock Jumped as Much as 6.2% on Tuesday Morning

Why Tesla Stock Jumped as Much as 6.2% on Tuesday Morning

It's not surprising to see Tesla shares rising following this bullish outlook from Piper Sandler analyst Alexander Potter; a $2,322 price target represents a 50% gain over the next 12 months. To support his optimism, Potter cites Tesla's strong potential to lead in vehicle technology over the next 10 years. Next week, when the electric-car maker reports earnings, investors will get to see whether Tesla is living up to high expectations.