Tesla (NASDAQ: TSLA) shares surged 5% to near an all-time high despite a drop in U.S. sales in November. The electric vehicle (EV) sector faced a 41% decline due to the end of federal tax credits. However, investor focus remains on Tesla’s autonomous driving technology, with CEO Elon Musk making progress in developing a driverless robotaxi fleet.

Investors are optimistic about Tesla’s autonomous vehicle testing progress, pushing the stock to record highs. Musk’s investments in driverless technology have fueled excitement, with testing now underway without human occupants in the vehicle. This development underscores the potential of Tesla’s autonomous driving capabilities, driving further interest in the stock.

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Read more at Nasdaq: Why Tesla Stock Hit an All-Time High Today