Published: November 7, 2025
Key takeaways
- TSLA is indicating higher before the open. As of 4:05 a.m. ET, Tesla traded around $453.81 in premarket, about +1.8% vs. Thursday’s close of $445.91. Shares also firmed to $452.93 in after-hours on Thursday. Premarket indications can change quickly. [1]
- Shareholders approved Elon Musk’s record pay package. A new $1 trillion performance award passed with over 75% support at Thursday’s annual meeting in Austin. The plan is tied to aggressive targets (including valuation, robotaxis and humanoid robots). [2]
- China FSD timing: Musk said he expects full approval of Full Self‑Driving (FSD) in China early 2026 (following partial approval this year). [3]
- AI chips & capacity: Musk floated building a “gigantic chip fab” for Tesla’s next‑gen AI chips and said it’s “worth having discussions” with Intel on manufacturing. [4]
- Macro risk at 8:30 a.m. ET: The U.S. Employment Situation (October) lands 60 minutes before the opening bell—often a major factor for high‑beta names like TSLA. CPI for October is due next Thursday (Nov 13). [5]
Premarket snapshot: price, context, tone
Tesla closed Thursday at $445.91 (-3.5%) after a choppy session, then firmed to $452.93 after hours and is pointing higher before today’s open around $453.81. The modest bid coincides with shareholders’ approval of Musk’s new compensation plan and optimism around Tesla’s AI/robotics roadmap. (Prices are delayed; premarket quotes are indicative.) [6]
The news moving TSLA this morning
1) Shareholders approve Musk’s $1T package
Investors gave Elon Musk a fresh, performance‑based compensation plan that could be worth up to $1 trillion over the next decade if Tesla meets sweeping milestones. Multiple outlets report more than 75% of votes were cast in favor. The plan sharpens Tesla’s pivot from a pure EV story toward AI, robotaxis (“Cybercab”), humanoid robots (Optimus) and energy/compute at massive scale. [7]
Why it matters:
- The vote reduces near‑term uncertainty over Musk’s commitment and influence at Tesla.
- Governance debate isn’t going away, but bulls see the approval as clearing a path for the AI/robotics valuation narrative to stay front‑and‑center. [8]
2) China FSD: full approval “early 2026”
Musk told shareholders he expects full regulatory approval for FSD in China in February–March 2026, after partial approval earlier this year. China remains Tesla’s most strategically vital overseas market; broader FSD availability there would open new software revenue and data advantages. [9]
3) Musk floats a Tesla “terafab” for AI chips; open to Intel discussions
At the meeting, Musk said Tesla likely needs a “gigantic chip fab” to build its AI5 (and beyond) inference/training chips at volume, adding it’s “worth having discussions” with Intel on manufacturing. He also referenced TSMC and Samsung as ongoing partners. A home‑grown chip ramp could ease dependence on third‑party supply and sharpen Tesla’s AI margins over time—execution and capex will be the swing factors. [10]
4) Product roadmap notes from the meeting
Coverage of the event highlighted timelines Musk reiterated or teased: Cybercab (robotaxi) production targeted for April 2026, the next‑gen Roadster unveiling in April 2026, and plans to scale Optimus. Timelines remain ambitious and conditional on regulatory and manufacturing readiness. [11]
Today’s market setup: what matters before the bell
- Jobs report (8:30 a.m. ET): The October Employment Situation can sway yields and high‑beta tech. A “hot” print tends to lift rates and weigh on long‑duration growth stocks; a “cool” print can do the opposite. Keep an eye on the two‑year and 10‑year Treasury moves into the open. CPI (Oct) follows on Thursday, Nov 13—another macro catalyst for risk appetite. [12]
- Positioning into weekly expiry:Nov‑7 weekly TSLA options show heavy interest in near‑the‑money calls (e.g., $450–$455 strikes appearing among the morning’s most active contracts), underscoring a trader focus on a post‑vote pop and macro‑headline volatility. (Options activity is dynamic; check live screens.) [13]
How to frame TSLA right now
Bull case this morning: Governance overhang eases; China FSD path gets a clearer timeline; AI chip capacity plans reinforce the “physical AI” thesis (robotaxis, humanoids, energy + software). If the jobs report is benign and yields stay contained, the backdrop could support a bid in high‑beta mega caps—TSLA included. [14]
Bear case / Risks: Execution remains enormous—regulatory approvals (especially for Cybercab/FSD in multiple jurisdictions), capex intensity for chips and robotics, and a still‑competitive global EV market. The governance debate isn’t settled for skeptics; some large institutions remain critical of concentration of power and dilution concerns. Macro (jobs/CPI) can quickly overwhelm single‑name narratives intraday. [15]
By the numbers (as you head into the open)
- Thursday close:$445.91
- After‑hours (Thu):$452.93 (~+1.6% vs. close)
- Premarket (Fri ~4:05 a.m. ET):$453.81 (~+1.8% vs. close)
(All quotes delayed; premarket levels move rapidly.) [16]
Bottom line
Going into the Nov 7 open, TSLA is trading the post‑vote narrative: Musk stays, AI/robotics push intensifies, China FSD timeline firmed up, and chip capacity ambitions escalate. Near‑term price action likely pivots on the 8:30 a.m. ET jobs report and whether broader risk sentiment cooperates. For now, the tape points modestly higher as bulls try to lean into the newly re‑centered AI + autonomy story. [17]
Disclosure: This article is for news and informational purposes only and does not constitute investment advice. Always do your own research and consider your risk tolerance before trading or investing.
References
1. www.marketwatch.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.bls.gov, 6. www.marketwatch.com, 7. www.reuters.com, 8. www.businessinsider.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.investors.com, 12. www.bls.gov, 13. www.nasdaq.com, 14. www.reuters.com, 15. www.businessinsider.com, 16. www.marketwatch.com, 17. www.reuters.com
