Tesla stock rallies nearly 10%, on track for best since mid December

Shares of Tesla Inc.
TSLA,
+10.97%
rose more than 9% on Thursday, a day after the EV maker reported fourth-quarter profit above expectations and said demand for its cars continued to be high. Tesla jumped 9.9%, on track for its highest close since Dec. 15, when it closed at $157.67, and on pace for its largest one-day percentage increase since July 21. The stock has lost 49% in the past 12 months, compared with a decline of around 7% for the S&P 500 index.
SPX,
+1.10%