Shares of Tesla Inc. (NASDAQ: TSLA) have staged a remarkable rally over the past two weeks, climbing more than 30% after losing over half their value since December. At $288 as of Tuesday night, the stock has begun to claw back ground that many feared was permanently lost.
The sell-off, driven by a mix of political controversy, shifting consumer sentiment, and missed earnings, pushed shares to 2020 levels by mid-March. CEO Elon Musk’s increasingly polarizing public persona, particularly his close alignment with President Trump, alienated a significant portion of Tesla’s former customer base. Meanwhile, rising trade-ins at Tesla dealerships and weaker-than-expected demand painted a bleak near-term outlook for the brand.
