Tesla Stock Today: TSLA Rises on Musk’s Terafab Chip Push, but the Old Problems Aren’t Gone
Tesla shares caught a lift Monday, advancing 1.8% to $398.30 by 1:00 p.m. EDT, after Elon Musk announced the company’s Terafab chip initiative would kick off in seven days—a fresh spark for traders. The stock had touched $403.62 earlier, gaining more than 2% at its peak, with the Nasdaq outpacing other major indexes.