Tesla Stock Is Rallying Tuesday: What's Going On?

Adam Eckert

May 21, 2024

Tesla Inc (NASDAQ:TSLA) shares are trading higher. The EV maker on Tuesday increased its 72 month loan rate in the United States.

What Happened: Tesla has increased its 72 month loan rate (APR) in the U.S. from 0.99% to 1.99%, according to Benzinga Pro. The loan rates for 36, 48 and 60 month loan terms are still set at 0.99%.

The move from Tesla is a positive sign for EV demand as it suggests Tesla is easing some of the levers it pulled in order to help spark buyer demand amid increasing competition.

Don’t Miss: Tesla Price Cuts Backfiring? European Rental Companies Fume As EV Giant’s Used Car Values Plummet, Service Leaves Bad Taste

Tesla shares may also be getting a lift on Tuesday after a senior manager at PepsiCo Inc (NASDAQ:PEP) announced that Tesla is set to deliver 50 more Semi trucks to Pepsi’s California facility. A PepsiCo spokesperson told Benzinga in January that the company had 36 Tesla Semis deployed in its fleet.

Reuters also reported on Tuesday that PepsiCo was set to expand its fleet with the introduction of 50 Class 8 Tesla Semi trucks and 75 Ford Motor Co (NYSE:F) E-Transit electric vans over the next several months.

Finally, several reports this week indicated that a group of Tesla shareholders are urging investors to vote against Tesla CEO Elon Musk’s $56 billion pay package. Tesla’s annual shareholder meeting is scheduled for June 13.

The compensation plan, which shareholders approved in 2018, awarded Musk Tesla shares for reaching operational targets and growing Tesla’s market cap to certain levels.

“Even as Tesla’s performance is floundering, the board has yet to ensure that Tesla has a full-time CEO who is adequately focused on the long-term sustainable success of our company,” the group reportedly wrote in a letter on Monday, arguing that Musk has been too focused on other ventures and failed to prioritize Tesla’s interests.

Tesla shares had been under pressure leading up to earnings last month. Despite missing analyst estimates on the top and bottom lines, Musk downplayed the quarter and reiterated his vision for the future around AI, Full Self-Driving and robotaxis. Tesla shares are up about 25% since.

TSLA Price Action: Tesla shares were up 4.67% at $183.12 at the time of publication, according to Benzinga Pro.

Photo: courtesy of Tesla.

Recommended

Elon's Greatest Invention... Hidden in South Memphis? - Ad

What's inside Elon's building in Memphis will shock you - Ad

FDA Submission Expected This Summer - Invest Before It Happens - Ad

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset

Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM after selling his stakes in Bank of America, JPMorgan Chase, and Wells Fargo.

Tariff-Driven Cash Payouts, Right Off Your Smart Phone?

Tariff-Driven Cash Payouts, Right Off Your Smart Phone? - Ad

The U.S. Treasury has raked in $15B from Trump's tariffs - and now, thanks to Title 15, you could pocket $100-$1,000 upfront payouts yourself. No stocks needed. Just use your phone and my #1 income strategy to start collecting now.

AstraZeneca In $15 Billion Talks For Drug That Could Upend Lung Cancer Treatment

AstraZeneca is in advanced talks with Summit Therapeutics over a potential $15 billion deal for the lung cancer drug ivonescimab.

Trump Hit With Backlash Over Use of Antisemitic Slur at Iowa Rally

President Trump faced criticism from Jewish leaders and lawmakers on Friday after using a term historically associated with antisemitic stereotypes.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

A Vermont dairy farm was raided. The mixed messages from Washington since then have increased fears

MONTPELIER, Vt. (AP) — After six 12-hour shifts milking cows, José Molina-Aguilar's lone day off was hardly relaxing.

Elon Musk's SpaceX's Hypersonic Rocket Cargo Delivery Project Dropped By US Air Force

The U.S. Air Force has decided to terminate a project in collaboration with Elon Musk's SpaceX.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

On August 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. The altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

Sam Altman Warns Users Not To Blindly Trust ChatGPT Despite Its Rising Fame, Says 'AI Hallucinates, It Should Be The Tech That You Don't Trust That Much'

Sam Altman, the CEO of OpenAI, has cautioned against the unreserved trust that users have been placing in the company's AI chatbot, ChatGPT, despite its increasing popularity.

After Trump Warns Elon Musk To 'Close Up Shop,' China Rallies Behind World's Richest Man: 'There's No Need To Keep Putting Up With It'

Chinese social media users support Elon Musk's stance against Trump's 'One Big, Beautiful Bill' as Musk could found a political party.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Ex-Trump Family Attorney Raises Alarms Over Trump's Actions as President: 'I Have Never Been As Concerned'

Abbe Lowell expressed serious concerns about the potential harm that the current administration could cause to the country's institutions.

Rescuers search for survivors after Houthi attack on cargo ship in the Red Sea

DUBAI, United Arab Emirates (AP) — Rescuers launched a search Wednesday for survivors of a Liberian-flagged cargo ship that came under attack from in the Red Sea, authorities said. At least three mariners were killed and two were wounded.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.

U.S. employers likely added 115,000 jobs last month as labor market continues to cool

The steady slowdown in U.S. hiring likely continued in June as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown weighed on the American job market.

Back This Medical AI Tech

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Datadog Stock Surges On S&P 500 Inclusion

Datadog Inc (NASDAQ:DDOG) shares are trading higher in Wednesday's after-hours session after it was announced that the company will join the S&P 500.

BlackRock's Bitcoin ETF Surpasses S&P 500 ETF In Revenue As XRP, Dogecoin ETF Approval Predicted To Follow Soon

The momentum behind spot crypto ETFs is accelerating, as inflows and revenues from Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs have outpaced traditional

Putting Your Name on This List Could Hand You $1,270 on Friday

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Greenland has a message for the rest of the world: Come visit

NUUK, Greenland (AP) — has a message for the rest of the world: We’re waiting for you.

Cathie Wood Doubles Down On Tesla Amid Elon Musk's Feud With Trump, Sells $3 Million Worth Of Coinbase Stock

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. and Coinbase Global Inc. . These trades reflect Ark’s strategic positioning amid ongoing market developments.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

Trump May Have Sent Dear Japan Letter On Tariffs, But Tokyo Unlikely To Make Progress On Deal Until This Key Event Takes Place

President Donald Trump notified Japan of 25% tariff rates on Monday, effectively extending negotiations until August 1.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the July 1st funding window closes.

Rigetti Computing, Netflix, Johnson & Johnson, United Airlines And ASML: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks moved higher today, with the Dow Jones gaining more than 200 points, or 0.5%, to close at 44,254.78.

Joe Rogan Once Said He Started Doubting The Apollo Missions After COVID-19, Compared Post-Flight Press Conference To A 'Hostage Video'

Joe Rogan told Matt Walsh he began doubting the moon landing after COVID, while Walsh argued that faking the Apollo missions would have been even more unbelievable than achieving them.

FDA Submission Expected This Summer - Invest Before It Happens

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Iran’s president orders country to suspend cooperation with UN nuclear watchdog IAEA

DUBAI, United Arab Emirates (AP) — Iran’s president on Wednesday ordered the country to suspend its cooperation with after American and Israeli airstrikes hit its most-important nuclear facilities, likely further limiting inspectors' ability to track Tehran's program that had been enriching uranium to near weapons-grade levels.

Nvidia, Crowdstrike, Wolfspeed, Cadence Design Systems And Microsoft: Why These 5 Stocks Are On Investors' Radars Today

NVDA, CRWD, WOLF, CDNS, MSFT were among the stocks seen trending among investors on Thursday, July 3, 2025.

Tariff-Driven Cash Payouts, Right Off Your Smart Phone?

Tariff-Driven Cash Payouts, Right Off Your Smart Phone? - Ad

Prokidney, Soundhound AI, Quantumscape, Intel, And Nvidia: Why These 5 Stocks Are On Investors' Radars Today

U.S. major indices ended mixed on Tuesday, as the Dow Jones Industrial Average slipped nearly 0.4% to 44,240.76 and the S&P 500 edged down 0.1% to 6,225.52.

Sonnet BioTherapeutics Drops 5% Intraday, Rebounds 14% After Hours Amid Delisting Concerns

Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) fell 5.54% on Thursday to close at $3.92, before rebounding 14.29% in after-hours trading to $4.48, amid concerns of a potential NASDAQ delisting.

How to Hack a $1.3T Market

How to Hack a $1.3T Market - Ad

A strike by air traffic controllers is disrupting travel to, from and over France

PARIS (AP) — About 40% of flights were canceled Friday at all Paris airports and tens of thousands of passengers were rearranging plans at the height of the summer travel season because of a strike by French seeking better working conditions.

Faced with geopolitics and trade war, US companies in China report record-low new investment plans

WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s tariffs have become their top concerns, according to a business survey released Wednesday.

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025

Crypto Genius: These 5 Altcoins Could Crush Bitcoin in 2025 - Ad

Trash and tension mount in Philadelphia on Day 8 of workers strike, while some seek pop-up haulers

PHILADELPHIA (AP) — As trash and tempers heat up across Philadelphia on by blue-collar city workers Tuesday, some residents and small business owners are hiring pop-up hauling services to clear their blocks of garbage, even as they broadly support the union’s .

Trending Now

Is Elon's Empire Crumbling? - Ad

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

After Diddy's conviction, here's where his business ventures stand

Back This Medical AI Tech - Ad

UnitedHealthcare Group, Gryphon Digital Mining, AMC Entertainment, Centene, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Trump Calls America Party A 'Train Wreck,' Blasts Elon Musk For Going Completely 'Off The Rails': President Says System Not Designed For A Third Player