Elon Musk in 2020
Tesla shares rallied Thursday after the electric carmaker beat Wall Street's fourth-quarter targets.
  • Tesla shares climbed 11% Thursday.
  • The electric carmaker posted its fourth-quarter earnings after Wednesday's closing bell, beating Wall Street's expectations.
  • CEO Elon Musk is testifying in a trial over allegations of securities fraud.

Tesla rallied Thursday as investors looked past CEO Elon Musk's ongoing trial to pile into the stock after it beat Wall Street's revenue and profit expectations for the fourth quarter.