Tesla Shares Surge 4% on AI Optimism as Pinterest Gains 7%

Key Facts

1TD Cowen analyst Itay Michaeli lowered Tesla's price target to $490 from $519 while maintaining a bullish stance.

2Pinterest stock rose 7% following filings showing restricted stock units (RSUs) grants to top executives including the CEO and CTO.

Tesla shares experienced a slight pullback of approximately 1.6% to $384.91 in early Thursday trading, following a robust 7% surge during Wednesday's session. Despite this minor decline, the stock remains on track to break a challenging eight-week losing streak, supported by ongoing optimism surrounding its AI initiatives and positive 'Power Inflow' technical signals. Investor focus has now shifted toward the company's upcoming earnings report and long-term strategic roadmap to gauge the sustainability of the current recovery. Meanwhile, Pinterest shares remain in focus following regulatory filings regarding executive RSU grants, signaling strong internal alignment. Overall, market participants are closely monitoring these corporate developments and liquidity flows to determine the broader trend within the tech and EV sectors.

6 months ago

Version History

Version 36 months ago

What changed: Updated Tesla's stock price to reflect a slight pullback in Thursday trading after Wednesday's rally, noting the potential end of an eight-week losing streak.

Version 26 months ago

What changed: The story was updated to include a 'Power Inflow' alert as a new bullish technical signal for Tesla based on order flow data.

Version 16 months ago

What changed: Updated the story to reflect Tesla's 4% surge driven by AI optimism and broader market recovery, shifting focus from the previous price target cut.