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Fortune

Christiaan Hetzner

Elon Musk’s Tesla recoups all its year-to-date losses after adding a staggering $150bn in market cap in just 3 days: ‘worst is in the rear view mirror’

Elon Musk ARK Dan Ives Tesla Inc.

Tesla CEO Elon Musk (Credit: Richard Bord—WireImage)

The swagger is back in Tesla’s step.

A few months ago, Elon Musk’s company was the butt of every joke on Wall Street, a growth stock with no growth to quote Wells Fargo. Pundits began questioning why anyone still even included it among the high-flying Magnificent Seven after Tesla trailed all 499 other stocks in the benchmark S&P index—even the scandal-ridden Boeing.

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One subscription that gives you access to news from hundreds of sites

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