Over the past year, Tesla stock has endured many trials and tribulations, but now it is back on the rise.

After a record drop in 2022, shares of the Elon Musk-owned company have risen sharply this year.

Here’s a timeline of the dramatic events that have caused Tesla stock to surge over the past year or so.

Tesla stock has been on the rise this year.

They’re already up 64% in just seven weeks to 2023, and several analysts are predicting further gains for the electric-car maker’s stock.

This is a stunning reversal of fortune from 2022, when Tesla experienced a precipitous drop in market value due to a series of dramatic events, including an aggressive interest rate hike by the Federal Reserve and the $44 billion takeover of Twitter by CEO Elon Musk that spooked investors.

Thanks to sharp swings in investor sentiment, the past 12 months may have been the most turbulent period in the history of one of the most high-profile names in the stock market. The market capitalization of the electric car maker, hit a record high of more than $1.2 trillion at the end of 2021, fell to a low of $341 billion in December 2022, and surpassed $600 billion again this week.