Despite Tesla ( $Tesla (TSLA.US)$ ) going to let go employees in Q1 2023 and also implementing a new hiring freeze (*1), that does not stop its shares rising.
Some of the reasons for the recent stock price rise may include the following ones:
1. More people are buying Tesla EVs as they will qualify for the $7500 tax credits. This also means that less people will go for other EVs such as Ford Motor ( $Ford Motor (F.US)$ ) and Gen...

$ProShares Ultra Consumer Staples (UGE.US)$ye