It took two days for Tesla stock to enter a new bull market. That’s surprising action given some of the recent news, which hasn’t sounded good. But there are a few reasons why the shares are on the rise again.
Tesla (ticker: TSLA) stock has risen about 20% from recent lows. Individual stocks, however, don’t really go into and out of bear and bull markets like stock indexes do. But using the bull market designation is a good way to illustrate just how crazy trading in Tesla stock has been recently.