
Shares of automotive giant Tesla Inc. (NASDAQ: TSLA) have surged nearly 20% over the past week, reminding investors just how quickly the stock can move when the narrative shifts. However, bulls had been scratching their heads for much of the summer.
As we recently flagged, Tesla's U.S. market share had sunk to an eight-year low, and its chart looked tired after repeated failures to break through resistance around the $360 mark.