TLDR Tesla stock is up 11% this week, trading near $400. Nvidia fell 11% after founder Jensen Huang resigned. Tesla won approval for supervised FSD in Finland. The stock trades at about 200 t
Tesla (TSLA) stock was trading at $399.82 in premarket Friday, up 0.6%. That follows a 1.7% gain on Thursday to $397.45.
The stock is up 11% this week. Nvidia (NVDA) has dropped 11% over the same stretch.
Nvidia’s slide follows the resignation of founder Jensen Huang. The board had started looking into a possible affair with an alleged Chinese spy.
Tesla’s move is harder to explain. It has added about $180 billion in market value this week, and “safe haven” is not a label many investors would pin on it.
Last week told the opposite story. Tesla fell 10.4% during the week of the midterm elections, as investors worried a Democratic win could slow its growth plans.
Even with this rally, the stock is down 12% so far this year. Over the past 12 months, it is down 1%.
Thursday’s session hit a high of $401.22. The stock had closed at $390.84 the day before.
Trading was light. Volume was about 28.5 million by midday, 43% below the usual 49.8 million.
Tesla got approval in Finland for its supervised Full Self-Driving software. It hopes to win approval across Europe in late 2026 or early 2027.
The company reports 1.7 million FSD users, mostly in the U.S. That is up 67% from a year ago.
Robotaxi service now runs around the clock in its active cities. Reports also say its registered Texas fleet has passed Waymo’s.
Tesla trades at about 200 times earnings expected over the next 12 months. Its market value stands at $1.57 trillion.
Analysts rate the stock a Moderate Buy. One has a Strong Buy, 26 have a Buy, 17 have a Hold and four have a Sell.
The average price target is $414.51. That sits about 4% above Thursday’s price.
Tesla last reported earnings on Oct. 21. Earnings per share came in at $0.48, ahead of the $0.46 forecast.
Revenue was $28.05 billion, just under the $28.06 billion expected. It slipped 0.2% from a year earlier.
Reports say Elon Musk’s chip factory plan could cost $1 trillion. The same reports say Tesla’s cash flow could not cover that.
The stock sits above its 50-day average of $373.66 and its 200-day average of $383.44. On Friday morning, S&P 500 and Dow futures were up about 0.2%.
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