TL0.F is trading 3.3% up today at $347.35 driven by optimism around its upcoming second-quarter delivery report and the recent closure of a federal safety investigation.
- Barclays and Morgan Stanley have raised their Q2 delivery estimates for Tesla, reflecting confidence in its operational performance.
- The National Highway Traffic Safety Administration (NHTSA) officially closed its engineering analysis and safety probe into power steering loss affecting more than 330,000 Model 3 and Y vehicles, alleviating regulatory concerns.
- Positive sentiment surrounding the planned expansion of the Model Y lineup in the U.S. and ongoing AI developments also contributed to the gains.