The S&P 500 reaches a new record above 7,000 points driven by Tesla

The American stock market regains a conquering mood. The S&P 500 has crossed a new high above 7,000 points, driven by the sudden return of risk appetite and Tesla’s surge.

Wall Street erases fear and regains height

While the Bank of Japan offers unexpected support to Bitcoin, Wall Street also achieves a new feat. The S&P 500 closed at a record 7,022.95 points, up 0.80%. The Nasdaq followed with a new high at 24,016.02 points. The Dow Jones, however, stayed aside, with a slight decline of 0.15%.

This gap says a lot. The current rise does not look like a general market awakening. It remains mainly driven by technology and growth stocks, which have become the main drivers of the American stock market again.

The market has shifted tone in a few sessions. Investors, still nervous about tensions related to Iran, are now betting on a less violent outcome than feared. This kind of relief quickly shows on the stock market. Capital returns first to assets most sensitive to confidence.

This movement also has a technical dimension. The Nasdaq has gained eleven consecutive sessions, its longest streak since 2021. When an index climbs so fast, euphoria often replaces caution. This does not mean the rise is fragile. But it shows that the market is already advancing with a lot of momentum.

Tesla rekindles the growth story

Tesla played the role of visible trigger. The stock jumped nearly 8% around $392 after new progress on the AI5 chip. Elon Musk presented this step as an important milestone for Optimus robots, supercomputers, and the group’s artificial intelligence ecosystem.

What appeals to the market is not only the chip. It’s the narrative returning. Tesla is no longer seen only as a pressured car manufacturer. The stock becomes, for some investors, an option on physical AI, robotics, embedded software, and future semiconductor production capabilities.

The improved perception was reinforced by UBS, which upgraded its recommendation on Tesla from “sell” to “neutral.” The message remains cautious, but sometimes a less negative tone is enough to trigger massive buying. Especially on such a closely watched, debated, and speculative-laden stock.

Technology takes back the market’s wheel

Tesla’s rise was not alone. Microsoft, Salesforce, Datadog, and ServiceNow also supported the movement. Software, recently heavily sold off, regained strength. The return of buyers shows that the fear of a brutal shock linked to AI in the SaaS model has somewhat dissipated.

This rotation is important. For several months, the American stock market has moved with a simple question in the background: does AI create real growth or just a well-packaged bubble? For now, Wall Street still chooses the first answer. Investors pay dearly for promises, but they keep paying.

The risk is there. A market that climbs on powerful narratives becomes more sensitive to disappointments. Tesla will have to turn the AI5, Optimus, and its industrial ambitions into concrete proofs. The S&P 500 will have to show its records are also based on solid earnings, not just momentary excitement. Regarding bitcoin, a key indicator suggests a near reversal.