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Summary
Tesla (TSLA) rose 4.23% to close at $358.22 on Friday, November 6, 2026, outpacing the Nasdaq Composite's 1.09% gain.
Elon Musk said on X that Tesla will wind down Cybertruck production at Gigafactory Texas around the middle of next year to make room for more Cybercab production.
24/7 Wall St. tied the gain to the post and to a rebound in EV stocks after the post-election sell-off, while Tesla has issued no press release on the change.
Gotrade News - In the latest Tesla stock news, shares of Tesla (TSLA) rose 4.23% to close at $358.22 on Friday, November 6, 2026, recovering part of the previous session's slide. Financial media tied the gain to an early Friday post on X in which Elon Musk said Tesla will wind down Cybertruck production at Gigafactory Texas to make room for more Cybercab output, as tech and EV shares rebounded from a post-election sell-off.
TSLA Trading Data
Data
Value
Closing price
$358.22
Change
+$14.53 (+4.23%)
Previous close
$343.69
Open
$348.92
Day range
$347.60 to $363.84
Volume
36.7 million shares
30-day average volume
38.9 million shares
52-week range
$297.38 to $498.83
Market cap
$1.42 trillion
Regular-session close on Friday, November 6, 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 7, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
After opening at $348.92, Tesla climbed to an intraday high of $363.84 and finished $10.62 above the day's low, giving back part of its peak gain by the close. Trading volume ran 5.58% below the stock's average, so the rebound came on lighter than usual turnover.
The move outpaced the broader market. The Nasdaq Composite rose 1.09% to 24,579.43 and the S&P 500 added 0.31% to 7,376.86, while the Dow Jones Industrial Average slipped 0.46% to 51,285.73. That left Tesla 3.14 percentage points ahead of the Nasdaq. The US 10-year Treasury yield closed the session at 4.86%, up 2.2 basis points.
Among peers, AMD (AMD) jumped 11.04% and Nvidia (NVDA) rose 2.78%, while fellow electric vehicle maker Rivian (RIVN) gained 2.41%. Even after Friday's gain, Tesla closed 28.19% below its 52-week high and 20.46% above its 52-week low.
The main company news came from Musk himself. In a post on X published early Friday, before the US market opened, Musk wrote that "Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production." According to Fox Business, Musk called the Cybertruck the "best vehicle Tesla has ever made" and described the change as the "end of an era."
As reported by 24/7 Wall St., the gain "likely reflects relief that Musk is cutting a weak product." The outlet noted that Tesla has issued no press release on the change and that its October 21, 2026 8-K filing still lists the Cybertruck in its lineup.
Robotaxi footprint: Tesla began offering paid Cybercab rides in Austin in September, and about 570 of the more than 1,200 Tesla robotaxis in Texas are Cybercabs, according to state DMV figures cited by Fox Business.
Capacity shift: Musk framed the Giga Texas change as making room for more Cybercab output, and Tesla lists installed Cybercab capacity of more than 125,000 units, per Fox Business.
Sector rebound: EV shares recovered on Friday from the post-election sell-off, as reported by 24/7 Wall St.
Risks
Cybertruck demand: US Cybertruck sales fell 48% to 20,237 in 2025 from 38,965 in 2024, according to Kelley Blue Book data cited by Fox Business.
Few details so far: the post gave no firm end date, restructuring charge or Cybercab output target, and 24/7 Wall St. noted that the outlook still depends on regulatory approvals for the Cybercab.
Regulatory review: the National Highway Traffic Safety Administration opened an audit in September of whether Tesla properly self-certified the Cybercab under federal safety standards, per Fox Business.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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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.
