From Yahoo Finance: 2025-05-16 16:29:00

Tesla shares rose for the fourth consecutive week, alongside the broader market, posting gains of 17% for the week. Despite this, the stock has fallen 13% since the beginning of the year, with positive macro news outweighing recent downbeat news about declining sales and registrations. Investors eagerly await updates on Tesla’s plans for a more affordable model and paid rides in autonomous vehicles in Austin, Texas. CEO Elon Musk has committed to these plans by the end of June and will be spending more time at the company starting this month.

Read more: Tesla Stock Rises for Fourth Week in a Row