Tesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
The latest rally is in part due to optimism that the company will finally make good on its promise to turn existing electric vehicles into robotaxis. It's been a rollercoaster year for Tesla investors after the stock plummeted 36% in the first quarter, its worst performance since 2022. Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters What started off as a particularly rough year for Tesla investors is turning into quite the celebration. Following 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 high of $489.48 That tops its prior intraday record of $488.54 reached almost exactly a year ago. The stock got a spark this week after CEO Elon Musk , the world's richest person, said Tesla has been testing driverless vehicles in Austin, Texas with no occupants on board, almost six months after launching a pilot progr
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