Date: November 29, 2025
Tesla, Inc. (TSLA) heads into the final month of 2025 with its share price near the top of its yearly range, its valuation deep in “AI stock” territory, and its core electric-vehicle business under pressure. The stock sits at the intersection of two radically different narratives: a slowing EV maker and a hyper-ambitious AI/robotics platform.
On Friday, November 28, Tesla closed at about $430 per share, up roughly 0.8% on the day and about 10% over the past week, giving the company a market capitalization in the neighborhood of $1.3–$1.4 trillion. [1] The rally has been driven less by car sales and more by headlines about Full Self‑Driving (FSD), robotaxis, Musk’s enormous new compensation package, and his separate AI venture, xAI.
Below is a detailed look at the latest Tesla stock news as of November 29, 2025, and how it fits into the broader TSLA story.
Key Takeaways for Tesla (TSLA) Investors
- TSLA closed near $430 on Nov. 28, roughly double its 52‑week low and about 12% below its 52‑week high, after a ~10% weekly jump. [2]
- FSD is expanding rapidly: supervised FSD launched in South Korea, a 30‑day FSD v14 trial is rolling out to about 1.5 million vehicles in North America, and Tesla is offering FSD ride‑alongs in Europe as it pushes for 2026 regulatory approval. [3]
- Robotaxi ambitions are advancing but face fierce competition from Alphabet’s Waymo and regulatory constraints; Tesla has a new ride‑hailing permit in Arizona but cannot yet run fully driverless cars there. [4]
- Shareholders approved a new $1 trillion performance‑based pay package for Elon Musk, while a separate board‑granted stock award worth about $29 billion further ties Tesla’s future to one person’s execution. [5]
- Core EV fundamentals are weakening: Tesla’s sales have slumped in Europe and China, even as rivals like BYD and Volkswagen gain ground; analysts warn that AI hype has added tens of billions in market cap while vehicle demand moves the wrong way. [6]
- Valuation is extreme: depending on the data source and metric, Tesla trades at around 180–270 times earnings, far above automaker peers and even many tech giants. [7]
Tesla Stock Price Snapshot on November 29, 2025
Tesla shares finished the shortened Black Friday session at $430.17, with an after‑hours tick to about $430.25. [8] Over the last five trading days, the stock has climbed from roughly $391 (Nov. 21 close) to more than $430, a move of about 10%, outpacing major indices. [9]
According to data compiled by Markets Insider:
- Closing price (Nov. 28): $430.14
- 52‑week low: $214.29
- 52‑week high: $488.50
- Market cap: ≈ $1.14 trillion
- Trailing P/E: about 198
- Analyst consensus: 63 Buy, 13 Hold, 16 Sell; median price target $381.75, below the current share price. [10]
Other datasets, including GuruFocus and Benzinga, put Tesla’s P/E even higher and its forward valuation above 180x earnings with a PEG ratio north of 8, underscoring just how much future growth is already priced in. [11]
In plain English: at current levels, investors are treating Tesla less like a car company and more like a leveraged bet on AI, robotaxis, and humanoid robots.
FSD Goes Global: Korea Launch, North American Trials, and European Ride‑Alongs
1. FSD Launches in South Korea
On November 29, Tesla’s supervised Full Self‑Driving system officially launched in South Korea, raising competitive pressure on domestic EV makers like Hyundai and Kia. [12]
Key points from the Korea Times:
- The version released in Korea is FSD (Supervised), classified as Level 2, meaning drivers must remain fully engaged and ready to take over. [13]
- Initially, the software is available only for Model S and Model X imported from the United States; around 900 vehicles meet the current certification criteria. Most China‑built Model 3 and Model Y units are not yet eligible due to local safety rules. [14]
- Even with these limits, the Model Y “Juniper” is already the top‑selling imported vehicle in Korea, with about 30,759 units sold between January and October — more than double BMW’s 5‑Series competitor. [15]
Analysts quoted in the piece warn that once lower‑priced Model Y variants with FSD are cleared for sale, Korean automakers risk losing further market share to Tesla’s perceived lead in self‑driving tech. [16]
2. North America: FSD v14.2 Wide Rollout and a 30‑Day Trial
Just two days earlier, Tesla‑focused site Tesla Oracle reported that the company is launching 30‑day FSD v14 trials across North America for vehicles equipped with its latest HW4/AI4 hardware, including Model S, 3, X, Y, and the Cybertruck. [17]
Highlights:
- Tesla has begun a wide release of FSD v14.2, following a limited rollout to a smaller circle of users. [18]
- Data from third‑party trackers suggests hundreds of thousands of cars have already received the update, and Tesla Oracle estimates that roughly 1.5 million vehicles in the U.S., Canada, Mexico, and Puerto Rico could be eligible for the free trial. [19]
- The trial is aimed at owners who have not previously purchased FSD, effectively turning the fleet into a giant live demo for Tesla’s autonomy software. [20]
For the stock, this move matters less for short‑term revenue and more for data and adoption. Every additional mile driven with FSD v14 feeds Tesla’s AI training systems, strengthening the “data moat” that bulls argue is key to long‑run dominance in autonomous driving.
3. Europe: FSD Ride‑Alongs and Regulatory Chess
In Europe, Tesla is taking a more hands‑on approach — literally.
According to Business Insider, the company is organizing FSD ride‑alongs in France, Germany and Italy starting next month, allowing prospective customers to experience FSD from the passenger seat while Tesla staff handle the driving. [21]
Tesla is pushing hard to win approval from the Dutch regulator RDW, which oversees type approval for many EU countries, and has publicly signaled a target of February 2026 for FSD approval. Regulators, however, have publicly cautioned that this timeline is not guaranteed and asked Tesla fans to stop pressuring the agency after a social‑media campaign urged owners to contact RDW directly. [22]
All of this is happening against a grim backdrop: Tesla’s European sales plunged about 48.5% in October year‑over‑year, even as overall EV sales grew, partly blamed on increased competition and political backlash against Elon Musk in the region. [23]
For investors, Europe is both threat and opportunity: a rapidly growing EV market where Tesla is losing share, but where a successful FSD rollout could reignite demand — if regulators cooperate.
Robotaxi Ambitions: Arizona Permit, Waymo Pressure, and the AI Arms Race
Arizona Ride‑Hailing Permit
On November 18, Reuters reported that Tesla obtained a Transportation Network Company (TNC) permit in Arizona. The license allows Tesla to operate a paid, Uber‑style ride‑hailing service and charge passengers — but only with human drivers or safety operators in the car. [24]
Key points:
- Tesla already runs a supervised robotaxi service in Austin, Texas, with a safety monitor in the front passenger seat, and a human‑driver ride‑hailing network using FSD in the San Francisco Bay Area. [25]
- CEO Elon Musk has said Tesla aims to operate robotaxis in 8–10 metro areas by the end of 2025, though fully driverless operation in Arizona still requires additional approvals. [26]
The Arizona permit doesn’t immediately unlock driverless revenue, but it shows regulators are willing to let Tesla participate in the ride‑hailing ecosystem — a crucial step if the company wants to transition from selling cars to operating fleets.
Waymo: The “Archenemy” in the Robotaxi Race
A 24/7 Wall St. analysis published on November 28 argued that Alphabet’s Waymo could “wreck Tesla’s most important plan.” [27]
The piece highlights:
- Waymo has been developing autonomous driving since 2009, has logged millions of driverless miles, and already operates commercial services in more than a dozen markets, including one in Japan. [28]
- Waymo’s partnership with Uber and potential to license its tech to automakers like Toyota, GM, and Volkswagen mean it could be embedded in multiple global fleets simultaneously, whereas Tesla’s hardware‑plus‑software stack is a relatively closed ecosystem. [29]
For TSLA holders, the takeaway is that Tesla no longer has the robotaxi story to itself. If Waymo or Chinese rivals achieve broader deployment first, the “Tesla as the platform for autonomous transport” thesis becomes more contested.
xAI Funding and the Broader AI Story
Another piece of the AI narrative comes from xAI, Musk’s separate AI company.
According to GuruFocus, xAI is in advanced talks to raise $15 billion in new equity funding, targeting a valuation of about $230 billion, up from roughly $113 billion earlier in the year. [30]
The article notes that Tesla is already viewed as a “real‑world AI software developer”, encompassing autonomous driving, humanoid robots and energy systems, and that its financials show strong revenue growth but only modest margins and a relatively low return on invested capital compared to its market value. [31]
Separately, a Seeking Alpha note (currently behind a paywall) framed Tesla as a “Genesis Mission” AI opportunity, arguing that its long‑term upside hinges more on AI and potential synergies with xAI than on traditional car sales. [32]
In short: Wall Street is increasingly valuing TSLA as an AI‑driven ecosystem — which is bullish if Tesla executes, and dangerous if the core car business continues to erode.
Musk’s $1 Trillion Pay Package and the New $29 Billion Award
Tesla has always been closely tied to Elon Musk’s personality. In late 2025, it is also increasingly tied to his paychecks.
Board‑Granted $29 Billion Stock Award
On August 4, Reuters reported that Tesla’s board approved a new stock option award for Musk worth roughly $29 billion at the time of grant, covering 96 million shares at a $23.34 strike price. The CEO must remain with Tesla for at least two more years and meet certain conditions before vesting. [33]
Markets initially greeted the award positively; Tesla shares rose as investors interpreted it as a signal that Musk would stay engaged with the company rather than focusing entirely on his other ventures. [34]
Shareholder‑Approved $1 Trillion Performance Plan
At Tesla’s 2025 Annual Shareholder Meeting on November 6, investors went further. According to Tesla Oracle and subsequent coverage, about 75% of votes cast backed a new “2025 CEO Performance Award” that could be worth $1 trillion to Musk if Tesla hits a series of aggressive milestones, including a market value reportedly targeting around $8.5 trillion. [35]
The meeting produced viral images of Musk dancing on stage alongside Optimus humanoid robots, a symbolism‑rich moment that underscored how deeply Tesla’s future is now tied to robotics and AI. [36]
Market reaction has been mixed:
- Investopedia notes that Tesla shares fell nearly 4% the day after the vote, as some investors balked at the sheer scale of the package and potential dilution. [37]
- Nonetheless, the approval reduced legal uncertainty after years of battles over Musk’s prior pay plans and reassured many bulls that he is locked in at Tesla for the long term. [38]
From a governance perspective, this is a double‑edged sword: the incentives are tightly aligned with Tesla’s long‑term value, but they also consolidate enormous economic power in the hands of one executive.
EV Fundamentals: Sales Slump in Europe and China
While the AI story has added an estimated $90 billion in market cap in recent weeks, the EV side of Tesla’s business is flashing warning signs. [39]
A detailed Reuters investigation published on November 26 paints a bleak picture:
- Tesla’s European sales fell 48.5% in October versus a year earlier; for 2025 to date, they are down about 30%, even as EV sales overall in Europe rose roughly 26%. [40]
- Chinese rival BYD sold more cars than Tesla in Europe in October, and Volkswagen’s EV sales in the region are now roughly triple Tesla’s. [41]
- In China, Tesla deliveries fell to a three‑year low in October, down about 36% year‑over‑year, amid intense competition from local players like BYD and Xiaomi. [42]
- In the U.S., temporary demand spikes ahead of tax credit expirations have been followed by sharp monthly declines, and the broader EV market has cooled as some buyers balk at price and charging‑infrastructure concerns. [43]
Adding to the headaches, a 24/7 Wall St. report on November 3 highlighted a new NHTSA investigation into Tesla door handles that may fail when a car’s battery is discharged, potentially preventing doors from opening or closing properly — particularly on the Model Y. [44]
Benzinga’s recent analysis summed it up succinctly: Tesla’s AI presentations and Dojo/robotaxi promises drove a 7–8% intraday surge to around $420, adding roughly $90 billion of market value, even as new data showed EV demand and market share trending the wrong way in Europe and China. [45]
This tension — booming AI narrative vs. weakening EV fundamentals — is at the heart of the current Tesla valuation debate.
Talent Flows and the Robotics Arms Race
Tesla isn’t just competing on products; it’s competing in the AI talent market.
A November 28 Business Insider report reveals that Sunday Robotics, a home‑robotics startup, has hired at least ten former Tesla employees, including engineers who previously worked on Autopilot and the Optimus humanoid robot. [46]
Among those who left:
- An AI infrastructure lead who spent more than seven years at Tesla.
- Engineers involved directly in robotaxi and Optimus development. [47]
Sunday’s demo video of its “Memo” home robot — folding laundry, loading dishwashers, handling fragile objects — underscores that household robotics is becoming a crowded field, with other startups and established players racing to build their own humanoid assistants. [48]
For investors, this raises a strategic question: can Tesla maintain its AI talent lead while competitors are flush with funding and aggressively poaching staff?
Institutional Moves and Analyst Sentiment
Recent filings show a complicated picture of how big money views TSLA:
- A MarketBeat summary notes that hedge fund Corsair Capital Management has initiated a new Tesla position worth roughly $680,000, while insiders including director James Murdoch and executive Xiaotong Zhu have sold tens of thousands of shares over the last quarter. [49]
- An Investors.com report (partial data visible via snippets) says ARK Invest, long one of Tesla’s most vocal supporters, has sold TSLA shares in four consecutive trading sessions this month, even as the fund remains broadly bullish on EVs and AI. [50]
On the sell‑side, consensus remains positive but not unanimous:
- Business Insider lists 92 analysts covering TSLA, with 63 Buys, 13 Holds and 16 Sells, and a median target of about $382, below Friday’s close. [51]
- Wedbush has repeatedly reiterated a $600 price target, arguing that Dojo and robotaxis will drive a new profit “inflection,” while more cautious outlets like Benzinga and Reuters emphasize that current valuations already assume near‑flawless execution on autonomy and AI. [52]
The split is stark: some see Tesla as the ultimate AI infrastructure bet; others see an over‑valued carmaker facing intensifying competition and political blowback.
What to Watch Next for TSLA
For investors tracking Tesla stock into December and 2026, several catalysts stand out:
- FSD Adoption and Safety Data
- Robotaxi Expansion vs. Competitors
- EV Sales Stabilization (or Not)
- Future monthly and quarterly sales data in Europe and China, where market share has been sliding, and whether price cuts or new trims can slow the decline. [57]
- Musk’s Time and Attention
- How Musk balances Tesla, xAI, SpaceX, and his other ventures, given the scale of his new Tesla‑linked incentives and the separate, massive valuation being sought for xAI. [58]
- Macro and Rates
- Broader market conditions — including interest‑rate expectations and tech sentiment — that have a disproportionate impact on high‑multiple stocks like TSLA.
Bottom Line
As of November 29, 2025, Tesla stock is being priced as if the company will successfully transform itself from an EV manufacturer into a global AI and robotics powerhouse. FSD expansion in Korea, North America, and Europe; an Arizona ride‑hailing permit; and xAI’s mega‑funding ambitions all reinforce that long‑term vision.
At the same time, the EV business that still generates the vast majority of Tesla’s revenue is under pressure, especially in Europe and China, and some of the company’s top AI talent is already spinning out to rival startups. [59]
For traders and long‑term investors alike, TSLA has become a high‑beta referendum on a simple question: will the robotaxis, FSD and humanoid robots arrive in time — and at scale — to justify one of the richest valuations in market history?
References
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