Tesla shares hit a new 2025 closing high above $440, up almost 4% in early trade. Recent news like a $1 billion share purchase by CEO Elon Musk and Robotaxi expansion plans pushed shares up over 30% in the past month.

Piper Sandler analyst raised price target to $500 from $400, citing Chinese automakers looking to Tesla for AI and self-driving guidance. Chinese EV-makers reportedly look to Tesla for AI guidance, showing Tesla’s leadership in the field.

Despite plans to expand robotaxi service to Nevada, Florida, and California, Tesla faces challenges in the San Francisco Bay area. The company has not applied for permits required for autonomous driving, instead offering pre-arranged trips in human-driven vehicles.

Tesla’s public policy staffer did not respond to inquiries about the company’s robotaxi plans. The company is facing regulatory hurdles for expanding its autonomous driving service, with permits needed for on-demand ride-hailing in the San Francisco Bay area.

Read more at Yahoo Finance: Tesla stock jumps, poised for 2025 closing high as bull run rolls on