Tesla’s share price doubled from the start of this year, increasing from just over $100 to $244. GM announced that it would install Tesla charging ports into their EVs in 2025, right after Ford announced the same. This make it look like Tesla’s long term investment into its supercharging network is finally paying off. This year has been good for Tesla’s investors since the share price crashed nearly 70% from its all time high. We previously shared 6 reasons why Tesla shares is down so much. Reasons such as high valuation, weakening consumer demand, competition, Elon selling shares and a distracted Elon not being able to solve engineering challenges were all factors that contributed to the price decline. So, how did Tesla change their fate in 2023?

• Less distractions for Musk

Last year there were concerns that with the acquisition of Twitter, Elon has too much on his plate. This year, Elon identified a CEO for Twitter, allowing him to...