Longtime (NASDAQ: TSLA) shareholders know how volatile its stock can be. After reaching its peak price of about $410 per share, it tumbled last year along with many other technology and growth stocks. 

But shares have rebounded in 2023, nearly getting back to $300 per share in mid-July. After a month-long decline that took it back down to around $215, the stock is marching higher again. Telsa stock has jumped over 10% in the past week, and investors may be wondering if now is the time to get on board.

Investor sentiment often drives Tesla's share price more than any business fundamentals. That's because much of the company's expected success has already been priced in. By traditional metrics, Tesla has long been valued at a premium. 

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Source Fool.com