Tesla's stock (TSLA) price recently had a significant increase. The stock traded at $228.13, an 8.71% increase from the previous trading day. This move higher was driven by a newly found positive market sentiment and good news about projections in Tesla's outlook.

1. The market sentiment towards electric vehicle (EV) stocks continues to be positive. Support is being found in recent advancements and increasing adoption of EVs on a macro-level. With Tesla being a market pioneer, the company has benefited from these continued feelings and positive projections.
2. Tesla released its quarterly delivery numbers, which beat market expectations. Strong delivery numbers tend to increase investor confidence, contributing to a stock price rally.
3. The company’s continuous focus on innovation, especially in battery technology and auto driving, keeps investors at bay, waiting for the next move. These recent announcements regarding advancements can catapult this current move.
4. Analysts have changed their tune about the stock too, revising their price targets and ratings for Tesla, further pushing investor confidence higher and driving the stock price to follow suit.

The 8.71% rise in Tesla’s stock was a response to a few factors - strong investor confidence in the company’s long-term growth potential. This is coming after a time of market volatility and an increase in competition in the EV sector. This uptick also indicates that investors are anticipating more good news in upcoming earnings reports and the future of an expanding EV market.

Tesla's recent stock performance can be attributed to a combo of factors - positive delivery numbers, innovation, good market sentiment, and a new take on the outlook by analysts. All this could continue to drive the stock price higher and demonstrate investor interest in Tesla’s future.

Disclaimer: Past performance is not indicative of future returns. Opinions are my own. Profitable trades are not guaranteed.