Tesla closes up 2.63% on Nvidia's AI earnings halo — $354.91
Tesla shares closed up 2.63% ($9.09) at $354.91 on Aug. 27 — riding a broad AI-stock rally after Nvidia's earnings and guidance beat expectations by a wide margin.
Wall Street rallied broadly on Nvidia's earnings beat — the Nasdaq Composite closed up 1.57% and the S&P 500 gained 0.72%. Nvidia jumped 8.7% after guiding to 70% revenue growth for fiscal 2028, far above the roughly 44% analysts had penciled in.
Tesla rode the AI wave higher, closing up $9.09, or 2.63%, at $354.91 versus the prior close of $345.82 — investors read Nvidia's strength as a proxy for the AI compute demand underpinning Tesla's FSD and Optimus training.
Some caution the move reflects sentiment more than a fresh business update — analysts warned this kind of AI-theme rally can outrun the actual pace of FSD software releases, vehicle deliveries, and regulatory approvals.
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