Tesla (NASDAQ:TSLA) closed at $475.31, up 3.56% with trading volume of 113.6 million shares, above the three-month average. The S&P 500 slipped 0.16% to 6,816, and the Nasdaq Composite fell 0.59% to 23,057. Ford (NYSE:F) and GM (NYSE:GM) had a mixed session amid Ford’s hybrid pivot and competition from Chinese automakers.

Investors are optimistic about Tesla’s autonomy and AI strategy, with shares reaching a new all-time high. CEO Elon Musk highlighted robotaxi testing in Austin. Analysts are bullish, with Wedbush setting a $600 price target and projecting a $2 trillion market value by 2026. Tesla’s auto sales are down, but its EV market share is growing.

Stock Advisor has revealed the 10 best stocks to buy now, with a total average return of 965% compared to 193% for the S&P 500. For more information, visit the provided link. Howard Smith has positions in Tesla, and The Motley Fool has positions in and recommends Tesla and General Motors.

Read more at Nasdaq: Stock Market Today, Dec. 15: Tesla Shares Surge on Optimism Around Autonomy and AI Roadmap