After a dreadful start to the year, Tesla's share price surged as much as 10% following the news as Wall Street proclaimed the company's worst days are behind it.
From the market's perspective, that seems to be the case. After dropping more than 42% and bottoming out in late April, Tesla's stock has rebounded sharply. It's up more than 60% in a little over two months.
Tesla's CEO also notched a massive victory when investors approved Elon Musk's $55 billion pay plan.
