Tesla Stock Is Going Parabolic. Is Now the Time to Buy?
Tesla stock outperformed its "Magnificent Seven" peers and the broader Nasdaq Composite index during the month of May.
For the last few weeks, the stock market has shown signs of strength as new trade deals come together in response to President Donald Trump's tariff policies.
In May, the S&P 500 and Nasdaq Composite rose 5% and 8%, respectively. Among some of the biggest gainers were artificial intelligence (AI) stocks, particularly those in the "Magnificent Seven." Within the Magnificent Seven, Tesla's (NASDAQ: TSLA) 23% surge last month set it apart from its peers.
Let's dig into Tesla's recent surge and assess whether these gains are sustainable. Is now the time to get in on the action?
