Tesla Stock Surges 15% as FSD v14 Lite Rollout Bolsters Autonomy Thesis

Tesla shares have surged nearly 15% over four sessions, pushing above $420 for the first time in almost a month after the FSD v14 Lite rollout. The move began June 29 with an 8% single-day jump—the largest in over a year—after the update reached early-access Hardware 3 vehicles, ending a 14-month drought for older cars. Morgan Stanley raised its Q2 delivery estimate to 413,000 units from 373,000 citing stronger Europe and China sales, while Deutsche Bank and TD Cowen reiterated Buy ratings. The rally has shifted sentiment toward Tesla’s autonomy narrative despite a 390x P/E and ongoing regulatory scrutiny.