What's Going On With The Uptick In Tesla Stock Today?

Benzinga

Tesla climbed after Piper Sandler highlighted major FSD performance gains, with miles-to-disengagement jumping from 441 to over 9,200. Analysts said rapid FSD progress could offset a broader EV slowdown even as Morgan Stanley turned cautious.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03Tesla shares rose Tuesday after Piper Sandler said the company's full self-driving software

00:07showed major performance gains, according to Benzinga. The firm met with the creator of the

00:12FSD Community Tracker to review Tesla's self-driving performance, and Potter reaffirmed

00:18his overweight rating with a $500 price target. The tracker showed its strongest gain in four

00:23years, with miles to critical disengagement jumping from 441 to more than 9,200 after a

00:30software update. Potter said Austin data suggested FSD vehicles could average 40,000 miles between

00:36crashes, indicating about three years of driving at 13,000 miles per year. Morgan Stanley downgraded

00:43Tesla on Monday and projected an extended EV downturn through 2026, while Piper Sandler

00:49said rapid progress on FSD could lift Tesla next year. For all things money, visit Benzinga.com.

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