is on a tear this year, up about 50 percent year to date after the company had its best Q1 yet. With analysts looking ahead to the next nine months of the year, Tesla's shareholders have pushed the company's market capitalization up significantly in recent months.So far in 2023, Tesla’s stock has added around $200 billion to its market capitalization, and the company recently achieved its largest quarterly percentage gain since Q4 2020.
The news has been welcomed by Tesla shareholders, especially after 2022 saw the automaker dropping almost two-thirds of its value, marking the second full-year stock drop since going public. Despite this, Tesla’s electric vehicle deliveries for the first three months of the year were strong, as supported by lineup-wide price reductions and updated eligibility for the $7,500 and a handful of other factors.
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