Tesla Stock (TSLA) Nears Six-Straight Days of Gains Amid EV Sales Surge and FSD Updates

Tesla shares rallied nearly 11% since August 5, buoyed by a recovering tech sector and accelerated electric vehicle sales ahead of the September expiration of federal tax credits. The stock's momentum reflects growing investor confidence in Tesla's market position.

CEO Elon Musk's weekend revelations about Tesla's Full Self-Driving technology injected further optimism. The Austin-based robo-taxi fleet reportedly operates on more advanced FSD software than consumer vehicles, with promised 'dramatic improvements' in upcoming releases. Expansion plans for the autonomous taxi network could reshape urban mobility markets.

Technical analysts note significance in TSLA closing above $338 - a level not seen since June. While year-to-date performance remains down 16%, the 64% annual gain demonstrates Tesla's volatility and growth potential. Analyst price targets diverge sharply from $276 to $410, reflecting polarized views on valuation.