Tesla Inc. (NASDAQ: TSLA) was trading at approximately $418.40 on Friday, May 22, having oscillated between a session low of $412.90 and a high of $426.95 in volume of 42.64 million shares.
The stock’s 52-week range runs from $273.21 at the low to $498.83 at the high, placing Friday’s price roughly midway between the annual extremes.
TSLA was one of the weaker performers among the Magnificent Seven stocks in 2025 and has continued to face mixed sentiment in 2026, though the current price is well above the tariff-driven lows seen in early April.
The most significant Tesla-adjacent story on Friday was the publication of SpaceX’s long-awaited IPO filing, which revealed the company is targeting a June 2026 listing on NASDAQ under the ticker SPCX at a valuation of approximately $1.75 trillion.
The SpaceX filing also confirmed there is no finalised deal between SpaceX, Tesla, and Intel on the so-called Terafab semiconductor project, despite earlier speculation.
SpaceX separately announced plans to build a 10-gigawatt solar manufacturing facility near Austin, Texas, to power AI data centres that form part of Elon Musk’s broader technology strategy.
Tesla recorded a small but notable win in Norway this week, posting its highest daily sales figure in that market, providing a modest sentiment boost for EV investors.
The Norwegian result was highlighted by analysts as evidence that demand for Tesla vehicles remains intact in certain European markets, even as competition from Chinese rivals intensifies.
Wall Street’s consensus on TSLA is mixed, with analysts split on the company’s growth prospects following Musk’s strategic pivot toward robotics and AI earlier this year.
The stock continues to trade at a significant premium to traditional automakers, supported by expectations for Tesla’s energy and autonomous driving businesses rather than vehicle volumes alone.
