The stock market closed higher on Thursday as NVIDIA jumped brought about by its positive earnings results. This was tempered, however, by the monitoring of legal developments over President Trump’s tariff policy.
Overall, S&P 500 and NASDAQ were up 0.4% to 5,912 and 19,176, respectively.
Tweet of the Day
BREAKING: ELON SAYS FACTORY-PRODUCED $TSLA NEW MODEL Y WILL SELF-DELIVER TO CUSTOMERS FROM FACTORY STARTING NEXT MONTH!
• Tesla tested self-driving Model Y cars on Austin public streets
• No incidents reported
• Testing completed a month ahead of schedule
• Self-delivery… pic.twitter.com/RNkTBcWPWC— Tesla Archive (@tesla_archive) May 29, 2025
Chart of the Day
Here is the one-year chart of Tesla (TSLA) as of May 23, 2025, when the stock was at $337.
Tesla is getting ready to launch its Robotaxi service in Austin, Texas in June 2025. Robotaxis are self-driving Teslas that can give people paid rides without a human driver. It will no-doubt be a catalyst for the stock, but evidence isn’t showing up in company profit estimates.
Company profits are expected to be $1.91 this year, down from $2.42 in 2024.
Elon Musk also revealed that Tesla is developing a new car called Cybercab, which is designed just for the Robotaxi service. The initial roll-out of Robotaxi’s will be in the Model Y. Additionally, Musk noted that the vast majority of the Tesla fleet is capable of being a Robotaxi. This means any Tesla that can drive itself, like Model S, Model 3, Model X, or Model Y can potentially operate as a Robotaxi. Once Tesla proves it can work in one city with no human in the car, the company plans to expand the service to other locations that permit it.
TSLA is part of our Growth Portfolio and Aggressive Growth Portfolio. Elon Musk sees Tesla being the most valuable company in the world by far. He sees a path where Tesla is worth more than the top 5 companies combined.
