Overview

• Tesla's stock has surged 46% since late April, regaining a trillion-dollar market cap and adding $350 billion in market value.
• Stronger-than-expected automotive gross margins and Tesla's reaffirmed timeline for launching its Austin-based robotaxi service in June have fueled 65% of the rally.
• The May 10 suspension of China tariffs contributed 25% of the stock's momentum by alleviating concerns over rising component costs.
• CEO Elon Musk has pledged a nationwide rollout of the robotaxi service by year-end, though the NHTSA has requested additional safety data on Tesla's autonomous vehicles.
• Market experts caution that the stock's rally is driven more by investor sentiment and speculative narratives than by concrete results, warning of potential corrections if expectations are unmet.