Despite the 16% hike for Bitcoin during these first 13 days of 2023, a stock that outperformed last year is taking its revenge.
Tesla up nearly 25% from its January lows.
Tesla grabbed the headlines throughout 2022, as its rapid rise to prominence — and stock price gains — subsequently deflated.
While Chief Executive Elon Musk has gone down in history for his personal asset losses, Tesla (TSLA) has so far recovered nearly 25% since Jan. 6. Against a backdrop of declining US inflation and soaring prices of the quintessential safe-haven gold, the stage appears to be set for a broader rebound in risk assets.