Tesla Shares Surge to a Record High on Wall Street
The stock is being lifted after reports that company directors posted unexpected gains, despite not having been granted new shares.
Quick overview
- Tesla shares surged 3.96% to a new all-time high of $477.33, driven by unexpected gains reported by company directors.
- The stock's previous record was $468.37, set on November 3, and Tesla is up 18.17% year-over-year.
- Tesla's board earned over $3 billion through stock awards, which were linked to stock performance and shareholder value creation.
- Investors are cautious this week as major central banks are set to make significant decisions, alongside the release of delayed U.S. economic data.
Shares of electric vehicle maker Tesla are rallying sharply in Monday’s session on Wall Street, hitting a new all-time high.
The stock is being lifted after reports that company directors posted unexpected gains, despite not having been granted new shares since 2020.
Shares of Elon Musk’s company are up 3.96% at $477.33, reaching previously unseen levels. The prior record high was set on November 3, when the stock closed at $468.37.
On a year-over-year basis, Tesla is up 18.17%.
According to Reuters, “Tesla’s board of directors earned more than $3 billion through stock awards that far exceeded the value of those granted to their counterparts at the largest U.S. technology companies at the time they were paid.”
In a statement to Reuters, a Tesla spokesperson said that director compensation “is not excessive, but rather directly linked to stock performance and value creation for shareholders.”
The company’s CEO also said on X that Tesla is testing its robotaxis without safety supervisors in the front seat, a development that quickly circulated across financial news outlets.
The broader market
The S&P 500, which tracks the largest companies listed in New York, is down 0.16%, while the tech-heavy Nasdaq Composite falls 0.34%. The Dow Jones Industrial Average is also lower, slipping 0.23%.
Even so, heading into the final stretch of the year, major Wall Street indices are posting broad gains in 2025 and hovering near record highs. Over the past year, the Nasdaq is up 16%, the S&P 500 has gained 12.65%, and the Dow Jones has risen 10.40%.
Key themes for the week ahead
Caution remains among investors, as the week is packed with major decisions from the world’s leading central banks, alongside the release of delayed U.S. economic data.
Among the central banks meeting this week, the Bank of Japan is expected to raise interest rates by 25 basis points to 0.75%, while the Bank of England could deliver a cut of the same magnitude, bringing rates down to 3.75%.
The European Central Bank is widely expected to leave rates unchanged, along with Sweden’s Riksbank and Norway’s Norges Bank.
Investors will also have a chance to catch up on U.S. economic data that were delayed by the federal government shutdown, including the November jobs report and the monthly consumer price index, scheduled for release on Tuesday and Thursday, respectively.
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