why is tesla stock up today

Tesla stock is up today primarily due to a turnaround in sentiment by some analysts who had been bearish but are now bullish on the stock, citing strong technical signals and positive market sentiment. Investors are optimistic about Tesla's Q3 performance, which is expected to be stronger than Wall Street consensus estimates. Additionally, Tesla's stock is benefiting from excitement around its longer-term ambitions beyond just electric vehicles, including advancements in robotics and autonomous technology, and the upcoming expiration of the $7,500 EV tax credit, which is tightening inventory and driving demand. Also, a $1 trillion performance-based CEO pay package tied to ambitious company milestones is seen as aligning Musk’s and shareholder interests, boosting confidence. These factors have contributed to Tesla's stock rising over 5% today, with over 9% gains in the past five trading days.