Tesla Shares Hit Two-Month High; Last up 7%
Tesla shares hit two-month high; last up 7%.Tesla Shanghai Gigafactory completed capacity ramp-up for the updated Model Y in just six weeks, setting the company's fastest model ramp-up record, it said
Tesla stock surged by 1.8% in premarket trading, reaching $281.22, as investors speculated on the potential easing of brand and trade pressure. The rise was further fueled by President Trump's trade deal with the U.K., which included smaller tariffs on vehicle imports. Additionally, investors are optimistic about Tesla's AI opportunities, including the upcoming robo-taxi service launch in Austin, Texas. Tesla sales in Germany also showed improvement, contributing to the positive market reaction.
