What happened Shares of electric car and green energy company Tesla (NASDAQ: TSLA) soared on Tuesday. As of 3:42 p.m. EDT, the stock was up by about 7.8% The stock was likely trading higher due to a combination of the market's upbeat mood regarding growth stocks and some recent optimistic notes about the company from analysts. Tesla factory. Image source: The Motley Fool. So what Many tech stocks were trading higher on Tuesday, with the tech-heavy Nasdaq Composite up by 1% as of this writing. And a number of growth stocks like Tesla, however, were up several percentage points or more. Broadly speaking, growth stocks seem to be rebounding from the steep sell-off they experienced in the second half of February and early March. Meanwhile, Credit Suisse analyst Dan Levy released earnings per share estimates for Tesla's first quarter that were ahead of the current average analyst forecast for the period. Levy also noted that he believes the company's vehicle deliveries in 2021 could be higher than expected. He's forecasting 929,000 deliveries this year, up from about 500,000 in 2020. This bullish take on Tesla's business added weight to another analyst's optimistic remarks Monday. Now what Tesla is rapidly building out its production capacity this year for both its vehicles and its battery cells. For now, demand seems to be growing in line with that rapidly increasing production. Investors, however, should watch to see if this remains the case throughout the year. Management has guided for vehicle deliveries in 2021 to grow by more than 50%. 10 stocks we like better than TeslaWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Source