New York, May 31, 2026, 07:47 (EDT)
Tesla shares are up about 2.3% for the week as June begins, with Estonia giving a nod to the company’s Full Self-Driving system for use on its roads Friday. The stock finished Wednesday at $435.79, slipping 1.43% on the day in a holiday-shortened week, but still higher than last Friday’s close.
Timing is in focus since there’s no U.S. cash trading on Sunday. Investors won’t get a chance to react to the Estonia news in a regular session until Monday, when demand signals are still mixed. Nasdaq opens for its standard session Monday through Friday, 9:30 a.m. to 4 p.m. Eastern.
Tesla said on X that its Full Self-Driving, or FSD, software is now approved in Estonia, with rollout starting soon. The Estonia transport authority classifies FSD as a Level 2 system, which keeps the driver fully responsible behind the wheel. Tesla’s post read: “FSD Supervised now approved in Estonia.” Reuters
Tesla picked up another win in Europe, after getting approval that adds to its recent sales momentum from last week. Tesla registrations jumped 46.5% in April to 10,654 cars, according to the European Automobile Manufacturers’ Association figures cited by Reuters, marking a third month of gains. Chinese rival BYD led the month with 27,008 registrations, rising 114.5%.
Tesla is seeing some improvement in Europe and making headway on software approvals, but the main car business remains in focus. The company’s first-quarter deliveries came in at 358,023, missing Wall Street targets. Production topped deliveries by 50,363 vehicles, leaving unsold inventory.
Tesla is pushing price discipline. The automaker bumped up U.S. prices on certain Model Y trims this month, lifting two premium versions by $1,000 and raising the Performance AWD model by $500, its website shows, according to Reuters.
Capital spending and autonomy are still driving the big stock story. CEO Elon Musk said in April that Tesla was “substantially increasing our investment in the future.” CFO Vaibhav Taneja described this as a “very big capital-investment phase.” Capital spending covers outlays for plants, equipment and long-term assets. Reuters
Investors are already buying into the promise, though most revenue hasn’t shown up yet. Earlier this year, Ken Mahoney, CEO of Mahoney Asset Management, put it this way: the 2026 issue is whether “AI becomes revenue + profit, not just spend.” That’s the key test for a company where auto sales still cover most of the story. Investing.com
Still, regulatory wins and news about robotaxis may not lead to safer, more scalable, or higher-margin business right away. Last week, a Reuters special report pointed out concerns from ex-Tesla data labelers and traffic-safety experts over how safe FSD actually is and how Tesla assesses its safety. Tesla didn’t answer detailed questions for that piece. Reuters said Alphabet’s Waymo is viewed as having a tougher way to compare crash data in the areas where it operates.
Some analysts had concerns before the latest Estonia green light. Morningstar’s Seth Goldstein told Reuters in March he was looking for a “third straight year of deliveries decline in 2026.” Gene Munster at Deepwater Asset Management said a small decline could be okay, but “If the decline quickens, that’s a problem.” Reuters
Looking into the week, there isn’t a key event on the calendar. The focus for traders is on what happens next. They’re eyeing Monday to see if Estonia signals a wider rollout of FSD across Europe or remains a small move forward for software that’s still not fully autonomous.
