Tesla Stock Reaches Record High Following Upgrade

Tesla's stock continues to soar, buoyed by an upgrade from Mizuho Securities to an 'Outperform' status with a target price of $515, reflecting optimism about advancements in autonomous driving technology. This has contributed to a remarkable year for Tesla, with shares appreciating approximately 86% so far, including a recent rise to an all-time high of $476.22. Meanwhile, the broader New York stock market showed mixed results ahead of the Federal Reserve's anticipated interest rate cut, with the Nasdaq reaching a new peak. The semiconductor sector also experienced gains, led by significant increases in stocks like Broadcom and Micron. In contrast, Nissan is restructuring its leadership due to financial struggles, with a forecasted 70% loss in annual operating profits. Overall, while Tesla thrives, other automakers like Nissan face challenges in the competitive EV market.