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Tesla Inc.'s stock surged 12% on Monday, closing at $278.39, marking its best performance since the U.S. presidential election. The stock continued to rise by 2.8% on Tuesday, reaching $286, following a 30% drop earlier this month. The Federal Bureau of Investigation (FBI) has formed a task force to address increasing attacks on Tesla vehicles, showrooms, and charging stations. The incidents, labeled as domestic terrorism by President Donald Trump and Tesla CEO Elon Musk, include vandalism and incendiary devices found at a Tesla dealership in Austin, Texas. At an all-hands meeting, Musk reassured Tesla employees about the company's outlook, highlighting plans to produce 50,000 Optimus robots by 2026 and achieve regulatory approval for autonomous Teslas within five years. Musk also revealed Tesla's global vehicle production has reached 7 million units, with expectations to surpass 10 million next year. Tesla's stock rally was further supported by Musk's optimistic outlook on new initiatives, including the Robotaxi project and the humanoid robot Optimus. Analysts have described Tesla as a long-term investment opportunity, with projections of significant growth driven by these innovations. Cathie Wood of Ark Investment Management forecasts Tesla's stock could reach $2,600 per share in five years, driven largely by robotaxis.
