Tesla's Market Rally

Tesla Inc. experienced a significant uptick in its stock price, climbing 3.8% during Thursday's market session. This surge came after CEO Elon Musk revealed plans to integrate xAI's chatbot, Grok, into Tesla vehicles by "next week at the latest."

Recovering from a Setback

The announcement brought a wave of positive sentiment to the company, which had been reeling from a challenging week. Tesla's shares had previously taken a hit, dropping sharply after Musk's announcement about forming a new political party, which erased over $68 billion from the company's market capitalization.

By 9:42 am ET, Tesla's shares had rebounded, marking a 3.85% increase, signaling a strong recovery in investor confidence.