Here's how Tesla stock swings 18% higher, trader says

Here's how Tesla stock swings 18% higher, trader says $TSLA (via TradingNation)

The stock was up more than 5% at midmorning after Jefferies upgraded it to buy on the company's leadership in the electric-vehicle market.

Tesla shares were trading Monday around $505. A move to at least $600 marks 18% upside for the stock. "This stock is so overpriced but [CEO Elon Musk] has certainly shown his ability to get the job done, and to continue to produce," Sanchez said during the same segment. "It has been a volatile stock, and that volatility continues because of the pessimism-optimism swing."

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