2024-07-12 13:21:00 ET
The markets have been roaring as of late. Both the Nasdaq Composite and S&P 500 indexes are trading near all-time highs as investor optimism continues to soar.
One stock that has enjoyed some new life is Tesla (NASDAQ: TSLA) . From Jan. 1 to June 30, Tesla stock posted a decline of 20%. However, from July 1 through July 10, shares of Tesla soared by 25%.
This is a pretty dramatic swing in an otherwise short time frame. So, what could be the driving force behind the resurgence of Tesla stock?
For further details see:
Has Tesla's Highly Anticipated Robotaxi Event Been Delayed? It's Not Clear. But That's OK. No Matter When It Happens, Here Are 3 Things Smart Investors Should Know.