Tesla’s stock price hit a new all-time high on Tuesday, reaching a record price of $489.20 and pushing the company’s market capitalization to approximately $1.63 trillion. The surge in Tesla’s stock price continued, with shares trading even higher at $489.88, reaching a peak of $490.58 during the session. This rally reflects growing investor confidence in Tesla’s autonomy and long-term growth prospects.
The surge in Tesla’s stock price comes at a notable time as the company recently began testing fully autonomous Robotaxis in Austin, Texas. These vehicles are running an “unsupervised” version of Tesla’s Full Self-Driving software, operating without a safety driver or in-car monitor. This development has further fueled bullish sentiment around Tesla’s AI and software ambitions.
Throughout 2025, Tesla’s stock performance has been exceptional, with shares surpassing $450 for the first time ahead of the company’s third-quarter delivery report in October. This momentum has carried through to the end of the year, with Tesla setting new records for its stock price.
CEO Elon Musk’s decision to purchase $1 billion worth of Tesla shares on the open market in September also bolstered investor confidence. This move, his first such purchase in over five years, was seen as a strong vote of confidence in Tesla’s long-term trajectory, particularly as the company accelerated investments in AI, autonomy, and manufacturing.
In addition, Tesla shareholders recently approved Musk’s historic $1 trillion pay package, one of the most ambitious compensation plans ever proposed. The plan requires Musk to grow Tesla’s market capitalization to $8.5 trillion to unlock its full value. While this target remains distant, Tesla’s current valuation surge indicates that investors are willing to entertain Musk’s ambitious goals.
With Robotaxi testing underway, rapid advancements in autonomy, and record-high stock prices, Tesla continues to be one of the most closely watched and debated stocks in the world. The company’s innovative technologies and ambitious goals have captured the attention of investors and industry observers alike, solidifying its position as a leader in the electric vehicle market. Elon Musk’s response to Eric Berger’s post on Ars Technica regarding SpaceX’s new plans has stirred up quite a buzz in the tech community. In his characteristic succinct style, Musk simply said, “As usual, Eric is accurate,” validating Berger’s report on the reasons behind SpaceX’s strategic shift.
Berger’s report delves into the details of why SpaceX has decided to make significant changes to its original plans. The article outlines how SpaceX has revised its strategy in order to adapt to the evolving landscape of the space industry. With new competitors entering the market and advancements in technology changing the game, SpaceX has recognized the need to pivot in order to maintain its competitive edge.
One of the key reasons for SpaceX’s shift in plans is the increasing competition in the space industry. With more players like Blue Origin and Virgin Galactic entering the scene, SpaceX is facing heightened competition for contracts and customers. In order to stay ahead of the curve, SpaceX has decided to adjust its approach and focus on new opportunities that align with its long-term goals.
Additionally, advancements in technology have also played a role in SpaceX’s decision to change course. With new innovations in rocket technology and space exploration, SpaceX has identified new ways to leverage these advancements to improve its operations and expand its reach. By embracing these technological developments, SpaceX is positioning itself for continued success in the fast-paced world of space exploration.
Overall, Musk’s endorsement of Berger’s report signals a new chapter for SpaceX as the company navigates the ever-changing landscape of the space industry. By remaining adaptable and forward-thinking, SpaceX is poised to continue pushing the boundaries of space exploration and solidify its position as a leader in the industry.
As the tech community eagerly awaits further developments from SpaceX, one thing is clear – the future of space exploration is brighter than ever thanks to companies like SpaceX and their commitment to innovation and progress.