Tesla rose 6.26% intraday after the National Highway Traffic Safety Administration formally closed its engineering analysis into power steering loss affecting approximately 376,241 Model 3 and Model Y vehicles from the 2023 model year, following Tesla's over-the-air software recall and a measurable decline in owner complaints. Wall Street analysts added to the momentum with upward delivery revisions. Morgan Stanley raised its Tesla second-quarter delivery estimate to 413,000 vehicles from 373,000, citing demand recovery in Europe and China, while Barclays projected approximately 418,000 deliveries, both well above prior consensus. Elon Musk also disclosed that xAI's Grok 4.5 model, built on a 1.5 trillion-parameter V9 foundation, has entered private beta testing internally at Tesla and SpaceX, adding an AI angle to the session's momentum.
Barclays PLC
Morgan StanleyTesla IncNHTSA closed its steering probe, removing regulatory overhang.
