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Tesla's stock price surged 4.6% to $407.02, as investors bet on AI and Robotaxi.

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ME AI News, July 4 (UTC+8), Tesla shares surged more than 4.6% on Friday, climbing to $407.02. Despite first-quarter deliveries falling short of market expectations, investors remain bullish on the accelerated progress of its artificial intelligence and autonomous driving technologies. Tesla continues to develop its own AI chips to support the FSD system, and CEO Musk revealed that the next-generation FSD version will achieve significant end-to-end performance improvements. The company plans to launch a Robotaxi service later this year, and analysts believe that successful commercialization could open up a new revenue stream for Tesla. Multiple institutions have raised their target prices for Tesla, citing its leading position in AI and autonomous driving as a driver of valuation appreciation.
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