Tesla Stock Surges 15% as FSD Update Backs Its Autonomy Thesis

Tesla stock surged nearly 15% over four sessions following the rollout of its long-awaited Full Self-Driving (FSD) v14 Lite update to Hardware 3 vehicles. The update marks significant progress on the company's autonomy narrative, restoring credibility to promises made to customers who paid $15,000+ for the FSD package. Analysts from Deutsche Bank and TD Cowen have reiterated buy ratings, though Tesla's P/E ratio of 390 remains elevated.