Investors have been reminded of just how much (NASDAQ: TSLA) can still be a huge market winner. After tanking 65% in 2022, the stock has skyrocketed 109% this year. The company is benefiting from some strong investor enthusiasm.

As of late December, shares of this business were trading hands at about $257. Can this electric vehicle (EV) stock reach $300 in 2024? Read on to see if that roughly 17% gain is a real possibility.

You wouldn't be able to tell by the stock's recent performance, but Tesla has been facing some serious challenges in 2023. In fact, one could argue that the company's fundamentals are weaker now than they were at the start of the year.

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Source Fool.com