Tesla Surges to Top Traded Stock with $454.37 Billion in Shares Exchanged

On May 20, 2025, Tesla (TSLA) saw a significant surge in trading volume, with a total of $454.37 billion in shares traded, marking a 50.61% increase from the previous day. This surge positioned Tesla as the top-traded stock of the day, reflecting heightened investor interest and market activity. The stock price closed at $342.09, up $1.41 from its previous close.

Elon Musk's recent comments on political spending have positively impacted Tesla's stock. Musk indicated that he would reduce his political expenditures, which has been well-received by investors. This move is seen as a strategic decision to focus more on the company's core operations and innovation, potentially boosting investor confidence.

Tesla's stock has also been influenced by regulatory developments. The U.S. Auto Safety Investigator has requested additional information regarding Tesla's plans to launch robotaxis. This regulatory scrutiny could impact the company's timeline and strategy for introducing autonomous vehicle services, adding a layer of uncertainty for investors.

Analysts have provided varied price forecasts for Tesla. The median target price among 92 analysts is $295.46, with estimates ranging from $115.00 to $550.00. This wide range reflects the diverse opinions on Tesla's future performance, influenced by factors such as regulatory challenges, technological advancements, and market competition.

Recent analyst ratings have also shown mixed sentiments. Cantor Fitzgerald upgraded Tesla from Neutral to Overweight with a target price of $425, while RBC Capital Markets reiterated its Outperform rating but lowered its target price from $440 to $320. These adjustments highlight the evolving market dynamics and the need for continuous evaluation of Tesla's prospects.