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Summary
Tesla (TSLA) closed at $378.05 on November 9, 2026, up 5.54%, beating the Nasdaq Composite by 2.80 percentage points.
Financial media tied the gain to Tesla's new robotaxi service in San Antonio and its plan to end Cybertruck output by mid-2027.
The stock still sits 24.21% below its 52-week high, and Tesla retail sales in China fell to their lowest level since July 2022, per Investor's Business Daily.
Gotrade News - In the latest Tesla stock news, Tesla (TSLA) closed at $378.05 on Monday, November 9, 2026, up $19.83, or 5.54%, in the US session. Financial media tied the Tesla stock gain to the company's new robotaxi service in San Antonio and its plan to wind down Cybertruck output, on a day when the Nasdaq Composite rose 2.74%.
TSLA Trading Data
Data
Value
Closing price
$378.05
Change
+$19.83 (+5.54%)
Previous close
$358.22
Open
$360.25
Day range
$360.02 to $382.20
Volume
36.3 million shares
30-day average volume
38.6 million shares
52-week range
$297.38 to $498.83
Market cap
$1.49 trillion
Regular-session close on Monday, November 9, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 10, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Tesla opened at $360.25 and traded between a low of $360.02 and a high of $382.20. It finished $18.03 above the day's low, in the upper part of its range. Volume reached 36.3 million shares, 5.83% below the 38.6 million-share average, so the gain came on lighter-than-usual trading.
The stock outpaced the broader market. The Nasdaq Composite rose 2.74% to 25,253.14, leaving Tesla 2.80 percentage points ahead of the index, while the S&P 500 gained 2.35% and the Dow Jones Industrial Average added 2.15%. The US 10-year Treasury yield closed at 4.86%, up 0.5 basis points. Among other large US stocks, Rivian (RIVN) rose 2.94%, while Nvidia (NVDA) fell 4.27%.
Even after Monday's rise, Tesla stock sits 24.21% below its 52-week high of $498.83 and 27.13% above its 52-week low of $297.38.
Tesla said in a post on X that its Robotaxi service would be available in San Antonio starting at 5 a.m. local time on Monday, as reported by TechCrunch. Per TechCrunch, the company did not disclose hours of operation, which vehicles make up the fleet, or whether human safety monitors would ride along.
The second item was the Cybertruck. According to GuruFocus, Tesla said it expects to end Cybertruck output at Gigafactory Texas by mid-2027 and will refund deposits on certain orders, a step the outlet said appears to free factory space and capital for the Cybercab robotaxi program.
Elon Musk added detail on X. "We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people," he wrote, as reported by Moneywise. Musk said the backlog is "far more than we can make" before the line is dismantled for Cybercab expansion, and argued, in the company's own view: "This is not a case of Cybertruck being unprofitable."
GuruFocus also pointed to reports about TeraFab, a chipmaking venture tied to SpaceX, and to higher US indexes that lifted growth and tech shares after the previous week's post-election decline.
TSLA Stock Analysis: Supporting Factors and Risks
Supporting Factors
San Antonio adds to a robotaxi service that TechCrunch lists in Austin and in limited areas of Miami, Orlando, Dallas, Fort Worth and Houston.
Ending Cybertruck output appears to free factory space and capital for the Cybercab program, according to GuruFocus, and Musk said the line will be dismantled for Cybercab expansion around June or July next year.
Sales inside China are weakening: Investor's Business Daily reported that Tesla retail sales in China fell to their lowest level since July 2022.
Tesla gave few details on the San Antonio fleet, hours or safety monitors, per TechCrunch, so the scale of the launch is not yet clear.
Musk said Tesla will have to return Cybertruck deposits for "a lot of people." Moneywise, citing Bloomberg, reported that 7,133 Cybertrucks were bought in the US in the first five months of this year, against the 250,000 reservations Musk touted in 2019.
Part of the gain came alongside broad market strength, and volume ran 5.83% below average.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
