Tesla Stock Is Up More Than 50% Over The Past Month: Why Jim Cramer Is Calling It 'The Princess Bride' Rally
Portfolio Pulse from Adam Eckert
Tesla shares have surged more than 55% since the company's annual shareholder meeting, setting a new record for most consecutive green days. Jim Cramer refers to this as 'The Princess Bride' rally. Elon Musk confirmed he will not step down as CEO and will spend less time on Twitter.
June 14, 2023 | 5:22 pm
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Tesla's stock has surged over 55% since the annual shareholder meeting, with Elon Musk committing to focus more on the company and less on Twitter.
The surge in Tesla's stock price can be attributed to the positive sentiment following the annual shareholder meeting, where Elon Musk confirmed he will not step down as CEO and will spend less time on Twitter. This commitment to focus more on Tesla has likely boosted investor confidence, leading to the stock's impressive rally.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100