It’s been a wild ride for Tesla investors over the past few years. After shares of Elon Musk’s EV giant soared to an all-time high of over $407 in late 2021, the company experienced its worst year in history in 2022. With stubborn inflation, rising interest rates, and recession predictions spooking tech investors, Tesla stock dropped 65% last year. But despite a shaky economic backdrop, 2023 has been a year of recovery.
Tesla stock has soared 158% year to date to nearly $280 per share. And top tech analyst Dan Ives of Wedbush Securities believes that there’s more room to run for the EV leader after its latest bullish delivery numbers.
