Tesla stock staged a massive rebound, with shares climbing 120% from their low in April on a handful of positive catalysts.

Simplify Volt TSLA Revolution ETF TESL has an exposure of 53.32%. Consumer Discretionary Select Sector SPDR Fund XLY has an exposure of 22.39%. Fidelity MSCI Consumer Discretionary Index ETF FDIS has an exposure of 17.38%.

Shares saw their first record close since December 2024, helping support the continued reign of the “Magnificent Seven.”

Tesla Inc (NASDAQ:TSLA) shares are trading lower on Wednesday, pulling back after hitting all-time highs on Tuesday.

Tesla Inc. shares closed at a new record high Tuesday, driven by excitement over the company’s robotaxi plans, even as its electric car sales have slowed. Investors pushed the stock up as they bet the futuristic self-driving taxi service could be a big money-maker in the future.

Tesla shares closed at a record-high $489.88 on Tuesday, days after CEO Elon Musk announced the company had been testing driverless vehicles in Texas.

On Monday, December 15, Cathie Wood-led Ark Invest executed significant trades, prominently involving Tesla Inc. (NASDAQ:TSLA), Circle Internet Gro