Shares saw their first record close since December 2024, helping support the continued reign of the “Magnificent Seven.”

TSLA shares dropped 73.6% from a peak of $409.97 on November 4, 2021, to $108.10 on January 3, 2023, in contrast to a peak-to-trough drop of 25.4% for the S&P 500. Sine then, the stock surged to a high of $479.86 on December 17, 2024, and is currently trading at $475.31

Morgan Stanley cut Tesla to equal weight yet tweaked its price target to $425, saying valuation is stretched while 2026 volumes look choppy. Bank of America bumped its Tesla target to $471 from $341 while keeping a neutral rating, saying Robotaxi and Optimus are driving the bulk of its SOTP.

The 13F filings for Q3 reveal a split: one side ran for the exits on Tesla and the other poured hundreds of millions into the stock.

Ford rises after the auto maker pivots away from electric cars, while Tesla shares give up some of their recent gains.

Robotaxis and humanoid robots may grab the spotlight, but Tesla's EV business is still holding up the entire production.