Tesla Surges ~8% on FSD v14 Lite Update, Strong Q2 Delivery Outlook
- Tesla (TSLA) jumped 8.4% to $411.84 on June 29, its best day in months, after unveiling 'FSD v14 Lite' that brings advanced AI capabilities from Hardware 4 vehicles to older Hardware 3 cars.
- The rally was also fueled by stronger-than-expected Q2 delivery estimates of roughly 406,000–450,000 vehicles and the wind-down of certain federal safety investigations into Tesla's driver-assistance system.
- The move added tens of billions to Tesla's market cap and helped power the Nasdaq's 2% rebound, breaking a multi-session losing streak.