The Economic Times

TSLA stock price: Why Tesla stock is surging today strong earnings, $2 billion xAI investment, and Cybercab production outlook

TSLA stock price: Tesla shares surged following a $2 billion investment in Elon Musk's AI venture, xAI, and confirmation of its Cybercab robotaxi production this year. This strategic pivot towards AI and robotics underpins the company's substantial valuation, though analysts express caution regarding ambitious timelines and the core EV business's recent revenue decline.