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Tesla Closes at Record $489.88 as Robotaxi Hopes Lift Valuation to $1.63 Trillion

Fresh institutional buying added fuel to a move centered on driverless testing.

Overview

  • Elon Musk said Tesla has been testing driverless robotaxis in Austin with no occupants on board, advancing beyond earlier pilots that used safety drivers.
  • Mizuho raised its Tesla price target to $530 from $475, citing Full Self-Driving progress and potential expansion of robotaxi trials.
  • New SEC disclosures showed firms including WT Wealth Management, Orion Portfolio Solutions, National Wealth Management Group and others increased or initiated positions.
  • Tesla disclosed about $1.2 billion for a battery cell plant in Berlin, signaling continued investment in manufacturing capacity alongside its autonomy push.
  • Operational challenges persist as U.S. November sales fell to a four-year low after federal EV purchase tax credits ended, and fully driverless availability remains limited with safety and regulatory questions unresolved.