Tesla stock jumps to new 2025 closing high as bull run rolls on

Core Viewpoint - Tesla shares have reached a new closing high for 2025, driven by investor optimism regarding the company's self-driving future and recent positive developments [1][2]. Group 1: Stock Performance - Tesla stock rose to $440 in early trading, closing at $434.21, marking a 1.9% increase and surpassing the previous 2025 closing high of $428.22 [1]. - Over the past month, Tesla shares have increased by over 30%, influenced by CEO Elon Musk's $1 billion share purchase, a new compensation proposal, and plans for Robotaxi expansion [2]. Group 2: Analyst Insights - Piper Sandler analyst Alexander Potter raised his price target for Tesla from $400 to $500 after observing the competitive landscape in China, where local automakers look to Tesla for AI and self-driving technology guidance [2][3]. - Potter noted that while Chinese EV manufacturers have advanced in assembly, Tesla remains a leader in developing AI-enabled machines and infrastructure [3]. - He expressed confidence in Tesla's latest full self-driving (FSD) technology and anticipates a record sales quarter in Q3 [4]. Group 3: Robotaxi Expansion Plans - Tesla has announced plans to expand its Robotaxi service beyond Austin to states like Nevada, Florida, and California [5]. - However, reports indicate that Tesla is not close to launching the Robotaxi service in California, as the company has not applied for the necessary permits, which can take years to obtain [6][7].