Tesla (TSLA) has once again topped the $1 trillion market capitalization mark with this week’s spur in the company’s stock price.
Yesterday (14th May), the Tesla stock price closed at $347.68. This is an increase of more than 24% over the last 5 business days. This surge has created a market cap of $1.09T for Tesla.
Tesla’s stock price surge is fueled by positive news about the upcoming Tesla Robotaxi service launch in June (starting from Austin, TX and San Francisco, California).
In addition to this, Tesla has just rolled out a new point release version of FSD v13 that’s getting positive reviews from beta testers.
Another catalyst pumping the Tesla stock is the recent dance demos of the Tesla Optimus humanoid robots. The progress on Optimus is strengthening Tesla’s position as a major player in robotics and real-world implementation of AI.
Tesla CEO Elon Musk joining President Trump on his tour of the Middle East and Saudi Arabia fueled further confidence in Tesla’s business model.
In his interview at the Saudi-U.S. Investment Forum, Elon Musk confirmed that Tesla plans to launch its autonomous Cybercab robotaxis in the Kingdom. Saudis also showed a very welcoming gesture to Elon Musk, and the IT Minister called him a ‘lifelong friend and a partner’.
Ark Invest’s Cathie Wood once again confirmed her investment firm’s bull case on Tesla. She stands still on the prediction of the Tesla (TSLA) stock reaching $2,600 in 5 years (2030). This valuation is just based on the Robotaxi platform expanding in North America and other countries like the Middle East and China.
“Our target in 5 years, in 2030 again, is 2,600 dollars, and our confidence in that number has gone up now that Tesla is commercializing robotaxis in Austin in June,” Cathie Wood said during a call with CNBC this past weekend.
Interestingly, as Elon Musk shared the latest videos of the Tesla Optimus robot dancing on X (Twitter), a vast number of internet users denied that this was real. This audience thinks that it’s either CGI or generative AI.
Elon Musk personally showed the robots performing dance to the Saudi Crown Prince and President Trump. However, if that’s not enough for the people of the internet, Musk has decided to put out a demonstration at the upcoming 2025 Tesla Shareholder Meeting.
“I will have an Optimus dance troupe on stage with me at the Tesla shareholders meeting,” Musk announced on X.
Tesla hasn’t announced the date of the 2025 Shareholder Meeting. Last year’s shareholder meeting happened on 13th June at Giga Texas. At this occasion, Musk predicted that Tesla’s humanoid robot has the potential to push the company to a $25 trillion market cap.
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