Tesla Inc is trading 5.1% up at $410.84 following a sharp rebound from last week’s selloff and fresh optimism regarding its technology roadmap.
- JPMorgan upgraded the stock to Neutral with a higher price target, citing improved sentiment and growth prospects.
- Momentum is building around progress on the robotaxi and Full Self-Driving (FSD) rollout, coupled with excitement after the chief designer confirmed the new Roadster reveal is coming within weeks.
- The stock's performance is further bolstered by a broadly stronger technology sector tape.