Tesla stock hits record as Wall Street rallies around robotaxi hype despite slow EV sales

Tesla's stock has reached an all-time high, driven by investor excitement surrounding its robotaxi aspirations. This rally comes despite a significant slowdown in electric vehicle sales and the recall of almost all Cybertrucks, indicating that the market is prioritizing potential future revenue streams from autonomous driving over current sales performance. The development arrives against a backdrop of shifting risk appetite, where investors are reassessing exposure to markets and weighing the second-order impact on adjacent sectors. Markets are watching TSLA closely as the story develops. At the latest read, TSLA price stood at 418.45, a -1.2391% move on the day, with a forward P/E near 414.2284 and a market capitalisation around $1572B. Positioning across funds, options skew and credit spreads typically respond first; equity price action lags but tends to confirm the direction once volume returns. Readers should treat the immediate move as a sentiment proxy rather than a final verdict on fundamentals. For longer-horizon allocators the more important question is whether this changes the trajectory of cash flows, regulation or competitive dynamics. If it does, multiple compression or expansion follows; if it does not, the reaction fades within a few sessions and the prior trend reasserts itself. What to watch next: forthcoming earnings prints, central-bank guidance and any official commentary that either validates or pushes back on the market's interpretation. Reported by CNBC and contextualised by the Global Investing News desk under Mark Grundell.