Shares of Tesla (NASDAQ: TSLA) are continuing their upward momentum this week. The stock soared past $600 to a new all-time high, pushing the electric-car maker's market capitalization to almost $600 billion. Shares rose as much as 5.2% on Monday but were up about 4.5% as of 11:30 a.m., with the stock trading at about $626.
The stock's rise is likely a continuation of momentum higher in recent weeks as well as a bullish day in the market for many growth stocks like Tesla.
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Why Tesla Stock Is Up on Monday