Why is Tesla (TSLA) stock is surging

After being hit by the overall gloomy sentiment characterized by low demand in the electric vehicle (EV) sector, Tesla’s (NASDAQ: TSLA) stock is building positive momentum as investors anticipate new highs.The slowdown in demand for electric vehicles is evident in TSLA’s 2024 performance, with the stock plunging nearly 12% year-to-date. However, in the short term, Tesla has emerged as one of the winners despite prevailing concerns about the economic outlook due to fears of a possible recession amid anticipa ...