From Nasdaq: 2025-06-03 21:21:00

The stock market has been strong recently due to new trade deals responding to President Trump’s tariffs. In May, the S&P 500 and Nasdaq Composite rose 5% and 8%, with AI stocks like Tesla (NASDAQ: TSLA) surging 23%.

Tesla’s stock surge is driven by Elon Musk’s actions, not business performance. Musk’s role with DOGE impacted Tesla’s demand, but his return to focus on Tesla coincides with the upcoming Robotaxi launch in Austin, Texas.

Analysts like Cathie Wood and Dan Ives are bullish on Tesla, but caution is advised. Tesla’s forward P/E ratio is high at 181, and uncertainty remains about the impact of the Robotaxi launch on the business.

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Read more at Nasdaq: Tesla Stock Is Going Parabolic. Is Now the Time to Buy?