Tesla Stock Bounces 8%...Wall Street Optimism Reemerges

2025.01.04. AM 06:45
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Shares of Elon Musk-led electric vehicle maker Tesla have rebounded sharply after overcoming concerns over poor earnings last year.

Tesla shares closed at $410.44 on the New York Stock Exchange on the 4th local time, up 8.22% from the previous day.

On the 3rd, the first trading day of the new year, electric vehicle deliveries fell 6.1% last year on the announcement that they were down from the previous year, but they recovered all of the declines in a day.

On Wall Street, optimism about Tesla's potential for growth has picked up again this year with new car launches, autonomous driving and robot businesses.

Investors expect Tesla to benefit from the easing of regulations regarding the launch of self-driving driverless taxis after Trump's inauguration.




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