NEW YORK — Tesla shares were treading water near $333 in midday trading Wednesday, little changed from Tuesday's close as Wall Street parsed fresh July inflation data and kept its focus squarely on the company's artificial-intelligence and robotaxi ambitions.
A Quiet Move on a Big Data Day
Tesla — NASDAQ: TSLA — changed hands around the $332 to $333 mark by late morning, holding just below Tuesday's $334.35 finish after the stock rose 1.2% in the prior session. The muted action reflected a broader market waiting on the inflation report rather than any company-specific catalyst, with the Nasdaq Composite outpacing the rest of the market and the S&P 500 and Dow both posting modest gains.
The main event was the July Consumer Price Index. Economists had penciled in a headline reading of roughly 0.1% month over month and 3.4% year over year, with core inflation seen at 0.2% monthly. Cooler-than-expected inflation tends to help high-growth names like Tesla in two ways: it lowers the discount rate applied to future earnings, and it eases the borrowing costs that shape demand for higher-priced vehicles. Barron's recently flagged softer inflation, alongside AI progress, as one of the developments that could reignite Tesla's rally, a dynamic Invezz explored in detail.
The Market Data
At around $333, Tesla carries a market capitalization near $1.31 trillion. The stock has traded between $329.53 and $336.20 so far in the session and remains one of the most actively watched large caps on the Nasdaq. Morgan Stanley holds a $415 price target and an equalweight rating, and the firm highlighted a standout data point from recent results: Full Self-Driving is now attached to about 55% of North American deliveries, well above its prior 25% to 30% estimate. Investors can track live quotes on Yahoo Finance (https://finance.yahoo.com/quote/TSLA), Google Finance (https://www.google.com/finance/quote/TSLA:NASDAQ), WSJ (https://www.wsj.com/market-data/quotes/TSLA) and Nasdaq (https://www.nasdaq.com/market-activity/stocks/tsla).
