Tesla’s stock has seen a significant 30% increase over the past month and 51% year-to-date, making it one of the top 52-week gainers. The surge can be attributed to various factors, including the appointment of CEO Elon Musk in the Trump administration, which has sparked hopes for a supportive legislative environment.
The recent release of Tesla’s Full Self-Driving (FSD) version 13 to staff and select customers has also contributed to the momentum. This upgrade showcased notable improvements in driver intervention measures, solidifying Tesla’s position as a leader in autonomous technologies.
Analysts have responded positively, with Stifel increasing its price estimate to $411, citing potential in artificial intelligence and self-driving technologies. The company’s market capitalization jumped 38.1% to $1.1 trillion in November, reflecting investor excitement for its technical advancements and expected support from the new government.
Recent developments in artificial intelligence and Tesla’s robotaxi services are further fueling the stock’s momentum, boosting its position in the tech and automotive industries. As the company continues to push the boundaries of autonomous technologies, investors remain optimistic about its future prospects.
Source: https://www.gurufocus.com/news/2626192/fsd-upgrades-and-ai-potential-drive-teslas-11-trillion-market-surge