Shares of Tesla Inc. (NASDAQ: TSLA) closed just under $350 last week, capping off a blistering rally that has seen the stock climb 60% from its April lows. While it still has ground to cover before revisiting the highs near $500 from last December, momentum is clearly back. The company is starting to look more like Tesla, which energized investors in 2020 and 2021: ambitious, dynamic, and positioned for long-term dominance.
Much of this move began after the company's latest earnings report in late April. Though the results fell short of Wall Street's expectations on a headline basis, the update cleared a cloud of uncertainty over the stock. Since then, sentiment has flipped decisively, with retail and institutional investors jumping back in.
