TSLA.BA surged approximately 9% to $42,660, extending Monday's strong gains after a move higher from last week’s sub-$40,000 levels.
- The rally was driven by specific Tesla-related catalysts including Elon Musk hinting at deeper technological ties with SpaceX, encompassing new AI models and a massive semiconductor manufacturing plant.
- Additionally, Tesla began rolling out version 14 "lite" of its Full Self-Driving (supervised) advanced driver-assistance system to customers with older vehicles, marking a significant software update.
- The stock's ascent also coincided with a broader rebound in large-cap technology and AI-related names, as markets stabilize from recent volatility.