Stock Market Today: Tesla Jumps as EV Sector Sentiment Improves
Tesla's stock rose 6% to $368.81, with trading volume above average, reflecting increased investor interest. The S&P 500 and Nasdaq Composite also reached record highs, boosting sentiment in growth stocks. Rivian and Nio saw slight gains as well. Despite Tesla's declining market share amid competition, strong U.S. EV sales and investor focus on overall demand suggest optimism. Upcoming Q3 delivery numbers will be crucial for sustaining Tesla's momentum.
Tesla (TSLA 5.89%) rose 6% Thursday to close at $368.81. Trading volume came in at 102.3 million shares, slightly above its three-month average of 89.7 million, reflecting somewhat heightened investor interest in the electric vehicle (EV) manufacturer's stock.
The broader market was positive, with the S&P 500 (^GSPC 0.85%) advancing 0.9% to 6,587.47 and the Nasdaq Composite (^IXIC 0.72%) gaining 0.7% to 22,043.07. Both indexes closed at record highs, lifting sentiment across growth stocks.
Among EV competitors, Rivian Automotive (RIVN 0.43%) inched up 0.5% to $13.97, while Nio (NIO 6.12%) gained 6.1% to $6.07. Tesla's stronger advance may highlight investor preference for established leaders in the EV sector.
Industry data this week showed U.S. EV sales hitting record levels, even as Tesla's market share has slipped to multi-year lows amid intensifying competition from legacy automakers and lower-priced entrants. Investors appear to be looking past these challenges for now, focusing instead on robust overall EV demand and the company's scale advantage. Upcoming Q3 delivery numbers will be the next key test of whether momentum in Tesla shares can be sustained.
Market data sourced from Google Finance and Yahoo! Finance on Thursday, Sept. 11, 2025.
