Tesla stocks jumped over 10% in premarket trade on Thursday after the company posted better-than-expected results in the last quarter of 2019. The automaker's Model 3 deliveries surged 46% and full-year revenue increased by 14% to $24.5 billion.
Meanwhile, media reports said Tesla is teaming up with LG Chem Ltd and Chinese CATL on electric vehicle batteries.
Tesla shares ended at $580.99 on Wednesday and were up 10.33% before the bell on Thursday.
