Stock Market Today, Dec. 22: Tesla Shares Jump After Court Reinstates Elon Musk Pay Deal

Core Viewpoint - Tesla's stock performance is strong, closing at $488.73, up 1.56%, with significant growth since its IPO in 2010, increasing by 38,483% [1][2] Group 1: Stock Performance - Tesla's trading volume reached 86.6 million shares, approximately 1.4% above its three-month average of 85.8 million shares [1] - The S&P 500 added 0.64% to finish at 6,878, while the Nasdaq Composite gained 0.52% to close at 23,429 [3] Group 2: Legal and Leadership Developments - A Delaware Supreme Court ruling reinstated Elon Musk's compensation package, which is now valued at about $140 billion [4] - The ruling ended a long legal battle regarding Musk's pay, positively impacting investor sentiment [2][5] Group 3: Market Sentiment and Future Outlook - Investor sentiment is buoyed by Tesla's testing of driverless cars in Austin without human drivers [5] - Some Wall Street analysts, including Deutsche Bank, have raised their price targets for Tesla's stock despite concerns about softer EV demand [5]