Tesla Shares Soar as Stock Climbs $24.45 on September 15

Lead: Tesla Inc. shares surged $24.45, or 6.18%, to $420.39 on the NASDAQ in afternoon trading Monday, September 15, driven by upbeat market sentiment and broader tech rally.

Nut Graf: The jump underscores renewed investor confidence in growth-oriented stocks amid easing concerns over interest rates and a rally in electric-vehicle peers.

Bulls Charge Ahead

Tesla stock opened at $397.10 and quickly rallied above $410 within the first hour, extending gains as traders seized on positive sector momentum. Volume topped 81 million shares, outpacing its 30-day average and reflecting heightened market activity.

Market Context

  • Nasdaq Composite advanced 1.2%, lifting several high-growth names.
  • S&P 500 added 0.8%, supported by technology and consumer discretionary sectors.

Analyst Take

Morgan Stanley reiterated its “Overweight” rating on Tesla, forecasting sustained demand growth in China and Europe. “Tesla’s production ramp and improving margin profile remain key drivers,” the firm noted.

What’s Next for Tesla?

Investors will watch quarterly deliveries due October 2 and upcoming price adjustments in North America. Any guidance on battery-cell costs or full self-driving software rollout could steer the next major move in Tesla shares.