Tesla shares climbed 3.15% on Thursday, continuing a volatile month fueled by major announcements and global developments, according to Benzinga. Investor sentiment improved after CEO Elon Musk confirmed plans to build “Colossus 2,” a Tesla-powered AI supercluster in Memphis through his xAI startup. Investors were further encouraged by Musk’s confirmation that Tesla’s robotaxi program will launch this June in Austin with 10 vehicles. Tesla's China operations showed signs of recovery as weekly insurance registrations rose, easing investor concerns about global demand. Despite losing the top EV sales spot in Europe to BYD, Tesla stock remains resilient as investors focus on its long-term innovation strategy.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares climbed 3.15% on Thursday, continuing a volatile month fueled by major
00:06announcements and global developments, according to Benzinga. Investor sentiment improved after
00:11CEO Elon Musk confirmed plans to build Colossus 2, a Tesla-powered AI supercluster in Memphis
00:17through his ex-AI startup. Investors were further encouraged by Musk's confirmation that Tesla's
00:21robo-taxi program will launch this June in Austin with 10 vehicles. Tesla's China operation showed
00:26signs of recovery as weekly insurance registrations rose, easing investor concerns about global
00:31demand. Despite losing the top EV sales spot in Europe to BYD, Tesla's stock remains resilient
00:36as investors focus on its long-term innovation strategy.
00:40For all things money, visit Benzinga.com slash GSTV.