Why Tesla (TSLA) Stock Is Up Today

What Happened?

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.7% in the afternoon session after the US president announced a framework for a future deal with Greenland. Wall Street saw a broad-based rally, with the S&P 500 gaining 1.2% as investor concerns over global trade tensions eased. The positive sentiment followed an announcement that reversed course on plans to impose tariffs linked to Greenland, which had caused steep market losses earlier in the week. This recovery reflected renewed optimism in the market, as the threat of a widening trade conflict appeared to subside, encouraging investors to move back into equities.

After the initial pop the shares cooled down to $447.85, up 3.8% from previous close.

Is now the time to buy Tesla? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Tesla’s shares are extremely volatile and have had 37 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 24 days ago when the stock dropped 2.6% on the news that major indices pulled back from record highs reached the previous week. The S&P 500 and Nasdaq were under pressure as the dominant artificial intelligence trade cooled off. Notable names like Nvidia were down as traders locked in profits following a banner year where the Nasdaq surged over 20%. With the S&P 500 recently hitting intraday highs near 6,945, this dip reflected a shift in internal momentum rather than a response to major economic news.

Tesla is up 2.2% since the beginning of the year, and at $447.85 per share, it is trading close to its 52-week high of $489.88 from December 2025. Investors who bought $1,000 worth of Tesla’s shares 5 years ago would now be looking at an investment worth $1,587.

Microsoft, Alphabet, Coca-Cola, Monster Beverage—all began as under-the-radar growth stories riding a massive trend. We’ve identified the next one: a profitable AI semiconductor play Wall Street is still overlooking.Go here for access to our full report, it’s free.