Tesla shares are almost up in 2023. There are a couple of reasons for the rally.

It took two days

Tesla

stock to enter a new bull market. It’s surprising action given some of the recent news, which hasn’t sounded good. But there are a couple of reasons why the shares are on the way up again.

Tesla

(ticker: TSLA) stock has risen around 20% from recent lows. However, individual stocks do not move in and out of bear and bull markets like stock indices do. But using the bull market term is a good way to illustrate how crazy trading in Tesla stock has been recently.