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

The American stock market is back in a conquering mood. The S&P 500 reached a new peak above 7,000 points, driven by the sudden return of risk appetite and the surge of Tesla.

Wall Street erases fear and regains height

While the Bank of Japan offers unexpected support to Bitcoin, Wall Street also signs a new coup. The S&P 500 closed at a record 7,022.95 points, up 0.80%. The Nasdaq followed suit with a new high of 24,016.02 points. The Dow Jones, on the other hand, remained sidelined, with a slight decline of 0.15%.

This discrepancy says a lot. The current rise does not resemble a general market awakening. It remains above all driven by technology and by growth stocks, which have once again become the major drivers of the American stock market.

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

This movement also has a technical dimension. The Nasdaq continues eleven sessions of increase, its longest series since 2021. When an index climbs so quickly, euphoria often replaces caution. This does not mean that the rise is fragile. But it shows that the market is already moving forward with a lot of momentum.

Tesla reignites the growth story

Tesla acted as a visible trigger. The stock jumped nearly 8% to around $392, after new advances around the AI5 chip. Elon Musk presented this step as an important milestone for the Optimus robots, supercomputers and the group's artificial intelligence ecosystem.

What appeals to the market is not just the chip. This is the story that comes back. Tesla is no longer just seen as an automaker under pressure. The stock is once again becoming, for some investors, an option on physical AI, robotics, embedded software and future semiconductor production capacities.

The improvement in perception was reinforced by UBS, which raised its recommendation on Tesla from “sell” to “neutral”. The message remains cautious, but sometimes a less negative tone is enough to trigger massive buybacks. Especially on an action so followed, so debated, and so loaded with speculative bets.

Technology is taking over the market

Tesla's rise has not advanced alone. Microsoft, Salesforce, Datadog and ServiceNow also supported the movement. Software, which has been heavily attacked recently, has regained strength. The feedback from buyers shows that the fear of a sudden shock linked to AI in the SaaS model has dissipated a little.

This rotation is important. For several months, the American stock market has been moving forward with a simple question in the background: is AI creating real growth or just a well-wrapped bubble? For now, Wall Street is still choosing the first answer. Investors pay dearly for promises, but they continue to pay them.

The risk is there. A market that rides on powerful narratives becomes more susceptible to disappointments. Tesla will have to transform the AI5, Optimus and its industrial ambitions into concrete proof. The S&P 500 will have to show that its records are also based on solid profits, not just on the excitement of the moment. When it comes to bitcoin, a key indicator suggests a reversal is near.