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Luke Kawa

Tesla surge propels stock above 50-day moving average for first time since January

Here’s another report to be filed to the department of “we’re so back.”

Shares of Tesla are continuing their hot run, up 9% on Friday and 17% for the week. The surge has propelled the stock above its 50-day moving average for the first time since January.

Retail traders continue to pile into the shares, with sentiment recently buoyed by CEO Elon Musk’s plan to spend more time addressing the electric vehicle company’s issues and dial down his efforts with DOGE as well as optimistic talk surrounding Tesla’s robotaxi launch.

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