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What's Behind Tesla's Rally Today?
Yahoo Finance • • business
Key Points:
- Tesla's stock rose 6.26% intraday after the National Highway Traffic Safety Administration closed its investigation into power steering loss affecting 376,241 Model 3 and Model Y vehicles from 2023, following Tesla's software recall and reduced owner complaints.
- Wall Street analysts boosted Tesla's Q2 delivery estimates, with Morgan Stanley raising the forecast to 413,000 vehicles and Barclays projecting around 418,000, citing demand recovery in Europe and China.
- Elon Musk revealed that xAI's Grok 4.5 model, based on a 1.5 trillion-parameter V9 foundation, has entered private beta testing internally at Tesla and SpaceX, adding an AI development angle to Tesla's momentum.
