Tesla Shares Headed for Record for First Time in a Year

Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company’s soaring valuation.

It’s been a rocky comeback for the electric-vehicle maker, whose shares have more than doubled since they hit a low in early April amid a wider market meltdown sparked by President Donald Trump’s tariff offensive. The stock was trading as high as $481.37 in early trading in New York. If the gains hold through the end of regular session, the stock will ...