The Musk v. Altman trial will conclude its second week of proceedings on Thursday.
Shares of Tesla (NASDAQ: TSLA) climbed on Thursday, rising above the $400 mark as improved sales data from China supported investor sentiment despite ongoing concerns around the company's long-term strategy. The stock was up around 3% at $409.70 in early trading.
Tesla is reiterated as a buy, with a clearer long-term growth story and improved risk/reward after recent valuation contraction. Q1 saw revenue up 16% YoY, margin expansion, and a notable turnaround in automotive production and deliveries. FSD subscription growth accelerated to 51%, and commercialization of Cybercab and Optimus is progressing, with mass production targets in sight.
TSLA reported a 36% year-on-year increase in China-made electric vehicle sales in April, marking the sixth consecutive month of gains as the US automaker continued efforts to defend its market position against intensifying competition from lower-priced Chinese rivals. Deliveries of Model 3 and Model Y vehicles produced at Tesla's Shanghai plant totaled 79,478 units in April, according to data released by the China Passenger Car Association on Thursday.
Tesla is recalling more than 218,000 vehicles due to delayed rearview camera images that could increase the risk of a crash, according to the NHTSA.
Tesla (TSLA) shares edged higher on Wednesday, even as the electric-vehicle maker announced a recall affecting more than 218,000 vehicles. The stock rose 2.86% to $400.50.
Tesla ramps capex beyond $25B to fuel AI, robotics, and autonomy bets, but rising risks, negative cash flow, and unclear timelines cloud near-term outlook.
TSLA's Optimus vision faces delays, missed targets and unclear timelines, raising doubts about whether the humanoid robot can deliver on Musk's bold promises.
OpenAI President Greg Brockman concluded his testimony in the Musk v. Altman trial Tuesday.
Having initially traded down following last month's earnings report, shares of Tesla Inc NASDAQ: TSLA are once again pointing north. The stock is currently trading around $390, putting it within touching distance of $400.
Tesla's aim to roll out its supervised "full self-driving" software in Europe got a boost from Belgium on Tuesday, where the Flanders region said it was looking into whether it can quickly adopt it following approval in the Netherlands.
While Tesla (NASDAQ: TSLA) stock has been on a path of recovery in the last 30 days, rising 12.17% to $395.75 within the timeframe, it remains overall 12% down in 2026.