Tesla stock hits record high, closes at $490

Business Dec 17, 2025

Tesla just hit a new milestone—its stock closed at $489.88, the highest ever and up 21% this year.
This bounce-back comes after a rough patch earlier and follows Elon Musk's big reveal: fully driverless cars are now being tested in Austin, hinting that robotaxis might finally be around the corner.

What's driving the buzz?

Tesla's now worth $1.63 trillion, making it one of the world's top companies. Even though sales and revenue dipped earlier this year, things picked up thanks to EV tax credits.
There are still hurdles—like cheaper rivals and lost incentives—but analysts remain optimistic, especially with Tesla pushing forward on self-driving tech in cities like Austin and San Francisco.