NEW YORK — Tesla (NASDAQ: TSLA) powered higher in Thursday's session, closing up 5.42% at $376.37 as investors cheered the company's Cybercab launch and a fresh autonomy milestone. It was one of the stock's stronger days in weeks, capping a run of optimism heading into the long-awaited robotaxi event in Austin.
The move was driven by real catalysts, not noise. Tesla used its Cybercab launch event in Austin to unveil a purpose-built, two-seat autonomous vehicle with no steering wheel or pedals, targeting a price below $30,000 and operating costs under 20 cents per mile. For a market that values Tesla increasingly on its self-driving future, that is the kind of concrete progress that moves shares.
The Why Behind the Rally
Three threads powered Thursday's gain. First, Tesla announced its Robotaxi fleet had crossed 1 million fully unsupervised miles, more than doubling its total in six weeks. Second, the company opened an interest form inviting outside operators, fleet buyers, and infrastructure partners into its robotaxi network, hinting at a capital-light path to scale. Third, as Blockonomi reported, analysts including Morgan Stanley had signaled the stock could regain momentum on a meaningful step-up in unsupervised deployment, which is exactly what Tesla delivered.
The Tape
At Thursday's close, $TSLA stood at $376.37, up 5.42% from the prior session's roughly $357 close, and the stock has recently oscillated in a wide band from the high-$340s into the mid-$380s. Traders can confirm live quotes on Yahoo Finance, Google Finance, WSJ, and Nasdaq. Sister company SpaceX ($SPCX), which now includes xAI after their merger, traded near $149.74, holding above its $135 June IPO price; its quote is available on Yahoo Finance. Neuralink and The Boring Company remain privately held with no ticker.
