Tesla Stock Didn’t Make It Six Straight. Musk Has Put Robo-Taxis Back in Focus.

Coming into Wednesday trading, Tesla stock was up for five consecutive sessions, gaining almost 11% over that span. (Dreamstime)

Tesla stock rose early, but all good things come to an end. Shares finished lower, snapping a five-day winning streak.

Shares of the electric-vehicle maker traded as high as $348.98 on Wednesday, but closed at $339.24, down 0.5%, while the S&P 500 and Dow Jones Industrial Average rose 0.3% and 1%, respectively.

Coming into Wednesday trading, Tesla stock was up almost 11% since Aug. 5, gaining for five straight trading sessions. A few things have helped shares. For starters, the market is higher over that span. Third-quarter EV demand in the U.S. is also looking strong, although that could be because buyers will lose the $7,500 federal tax credit in September.

Tesla sold about 721,000 cars in the first half of 2025, down 13% year over year. Investors, however, have been more focused on artificial-intelligence-trained self-driving cars than on car sales this year. Tesla’s self-driving technology probably also contributed to recent gains.

CEO Elon Musk posted several updates about Tesla’s Full Self Driving, or FSD, product over the weekend, pointing out that the FSD version that Tesla’s Austin, Texas, robo-taxis are running is more advanced than what Tesla drivers use, adding that coming versions of FSD represent dramatic improvements.

Loading tweet…

The stock also looks better to technical traders. Fundstrat’s head of technical strategy, Mark Newton, wrote recently that a close above $338 would be a bullish technical sign for the stock. Tesla stock closed above $338 on Monday for the first time since late June.

Coming into Wednesday trading, Tesla stock was down about 16% so far this year, but up about 64% over the past 12 months.

Write to Al Root at allen.root@dowjones.com