Tesla (NASDAQ:TSLA) closed at $488.73, up 1.56%, nearing record levels. Since IPO’ing in 2010, it has grown 38,483%. Delaware ruling on Elon Musk’s pay package, plus autonomous driving projects, fueled investor optimism.

S&P 500 rose 0.64% to 6,878, Nasdaq Composite up 0.52% at 23,429. Legacy automakers like Ford and GM show varying responses to EV trends. Delaware Supreme Court ruling on Musk’s pay package worth $140 billion boosts Tesla investor sentiment.

Tesla is testing driverless cars in Austin with no human drivers. Wall Street analysts, including Deutsche Bank, raised price targets despite concerns about softer EV demand. Join Stock Advisor for insights on the 10 best stocks to buy now for market-beating returns.

Read more at Nasdaq: Stock Market Today, Dec. 22: Tesla Shares Jump After Court Reinstates Elon Musk Pay Deal