Explore the latest developments concerning Tesla stock hits.
Tesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales
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 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 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 program with safety drivers.
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