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Tesla stock closes at record as investors rally around Musk's robotaxi hype despite slow EV sales [MSNBC.com]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
What started off as a particularly rough year forTeslaFollowing a 36% plunge in the first quarter, the stock's worst period since 2022, Tesla shares have rallied all the way back, reaching an all-time closing high of $489.88, jumping 3.1% on Tuesday. They're now up 21% for the year.The prior intraday high was $488.54, reached almost exactly a year ago, and the previous record close was $479.86.The stock got a spark this week after CEOElon MuskWith the rally, Tesla's market cap climbed to $1.63 trillion, making it the seventh-most valuable publicly traded company, behindNvidiaAppleAlphabetMicrosoftAmazonMetaBroadcomForbesLarry PageBullish investors view the news as a sign that the company will finally make good on its longtime promise to turn its existing electric vehicles into robotaxis with a software update.Tesla's automated driving systems being tested in Austin are not yet widely available, and a myriad of safety related questions remain.It's been a rollercoaster year for Tesla, w
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