Elon Musk
Tesla is on track for its best month since November 2020, with its share price having surged 44%.
  • Tesla's share price has jumped 44% in January, putting it on track for its best month since November 2020.
  • That has pared back more than two-thirds of the electric carmaker's losses from last year's 64% plunge.
  • Better-than-expected earnings and the prospect that the Federal Reserve will soften its interest-rate policy have fueled the rebound.

Tesla's stock price is on track for its best month in over two years, representing a dramatic change in the market fortunes of the electric carmaker after a hellish 2022 in which it suffered a $700 billion wipeout.