Tesla Stock Gains on FSD Safety Data as Europe Looms

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2026-06-09 23:58:02

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Tesla shares rose 1% to $413.20 in early trading as new Dutch safety data showed Full Self-Driving (FSD) users experienced 3.5x fewer collisions than baseline drivers. The results could pave the way for European regulatory approval, a key hurdle for Tesla's expansion.

ARK Invest's Cathie Wood amplified optimism by sharing a smooth robo-taxi demonstration, though she noted unexpected costs—a $75 parking ticket during the test. "They come slowly, then all at once," Wood remarked on the technology's progress.

JPMorgan upgraded TSLA from underweight to neutral, lifting its price target to $475. Institutional ownership now stands at 66.2%, with Vanguard and Norges Bank among recent buyers. Tesla ended Q1 with 1.3 million FSD subscribers paying $99/month in the U.S.

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