Tesla stock parked in bad neighborhood

April 6, 2015 5:50 PM

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Tesla (TSLA) shares are racing higher – but they’re still stuck in a bad place.

The electric car maker’s stock is up big Monday – $14.56, or 7.6%, to $205.50 a share, following news Friday the company’s vehicle shipments in the first quarter were 5% better than expected. It’s the stock’s biggest one-day move in months.

Also read: ZTE shares rise in Hong Kong after clarification of U.S. bill impact

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