Overview
- Shares closed at a record $489.88 with after‑hours prints near $493–$495, lifting market value to roughly $1.63 trillion and briefly approaching $1.7 trillion before a pullback Wednesday.
- Elon Musk said Tesla is testing unoccupied robotaxis in Austin, moving beyond earlier trials that used safety monitors and reinforcing plans for a ride‑hailing network.
- Wedbush reiterated a $600 target and Mizuho raised its target to $530, while several analysts remain cautious with an average target near $400 and warnings that most value hinges on unproven autonomy.
- A California judge found Tesla’s Autopilot/FSD marketing deceptive and set up a potential 30‑day sales suspension unless issues are addressed, with the DMV indicating a 60‑day window to remedy; Tesla says sales continue.
- SEC filings show multiple wealth managers added or increased Tesla positions, even as recent data point to weaker vehicle sales and a broader disconnect between stock momentum and core auto fundamentals.