On October 13, 2025, Tesla Inc. received a major endorsement as Melius Research initiated coverage with a 'Buy' rating and a $520 price target, highlighting confidence in Tesla's growth prospects across AI, robotics, and energy storage[1][2]. This bullish analyst action, alongside Evercore ISI's price target increase and news of ramped-up Shanghai factory production, contributed to positive investor sentiment. Tesla's stock traded in the $413-$426 range, reflecting a generally upward trend, though the move was not a sharp percentage jump per the provided price context. The broader market also rallied on easing US-China trade tensions, amplifying risk-on sentiment. The combination of analyst upgrades, operational expansion, and favorable macro conditions positioned Tesla as a technology leader with disruptive potential, making this a major news event for the stock.