Tesla’s shares surged more than 2% following a major announcement by CEO Elon Musk, sparking optimism among investors and reinforcing confidence in the company’s direction.
In a move that thrilled shareholders, Musk revealed that he is stepping away from recent governmental engagements to dedicate more time to Tesla. He declared he is returning to an intense work schedule—spending “24/7 at work”—and refocusing his energy on Tesla, AI startup xAI, and the upcoming Starship launch.
This announcement came alongside a promising update about Tesla’s autonomous driving ambitions. Musk confirmed that the company has been testing fully self-driving Model Y vehicles on the streets of Austin, Texas, with zero human intervention and no incidents. Tesla also plans to deliver a vehicle from factory to customer without a driver as early as next month—an ambitious leap toward its long-term goal of a fully autonomous fleet.
The twin developments—a high-profile recommitment from Musk and visible progress in self-driving technology—have re-energized investor sentiment, pushing Tesla’s stock upward. The share price increase reflects not just short-term enthusiasm, but also a renewed belief in Musk’s leadership and Tesla’s innovation pipeline.
After recent volatility and pressure from shareholders, Musk’s actions signal a return to form and may help steady Tesla’s momentum heading into the second half of the year.
