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As of Jun 29, 2026
For informational purposes only.
Tesla’s stock jumped about 8% today, finishing around $412. That’s a big one-day move – the kind that grabs headlines – after a rough stretch where the stock was down double‑digits for the year. Trading volume was heavier than usual, which means a lot of investors decided today was the moment to get back in or add to positions.
In everyday terms: today was a strong “relief and hope” day rather than a calm, slow-and-steady climb.
1. Safety overhang got lighter (at least a bit). U.S. safety regulators formally closed a probe into power steering loss in hundreds of thousands of Tesla vehicles after a recall Tesla already did. That sounds technical, but the effect is simple: one big open investigation is now off the table.
Fact: the probe closure removes a specific worry that more recalls or penalties were coming from that issue. Interpretation: investors hate uncertainty, especially around safety. When a probe ends without new bad news, it can act like taking a weight off the stock, and today’s buying suggests many people saw it that way.
Important nuance: other safety investigations are still active, including the fatal Model 3 crash in Texas that destroyed a home and led to lawsuits. So the broader “Is Tesla safe?” question hasn’t gone away; one file just moved from "open" to "closed."
GM sells cars, trucks, crossovers, parts, and financing, and it is also building out electric vehicles and software features. That puts it in the same market as Tesla for U.S. car buyers who want an EV and for drivers comparing electric models against traditional vehicles.
