Tesla drops after setting a record closing high, while Lennar tumbles following weak earnings for the home builder.

TSLA shares dropped 73.6% from a peak of $409.97 on November 4, 2021, to $108.10 on January 3, 2023, in contrast to a peak-to-trough drop of 25.4% for the S&P 500. Sine then, the stock surged to a high of $479.86 on December 17, 2024, and is currently trading at $475.31

Tesla stock climbed 4% in early trade, nearing its all-time high of $488.54 reached almost one year ago. The appearance of a Robotaxi testing in Austin without a safety driver echoes what Musk claimed earlier this month when he predicted Tesla was weeks away from unsupervised robotaxis.

Circle Internet Group gained 9.4% after Visa announced it would allow U.S. banks to settle transactions with the USDC stablecoin. Circle is the issuer of USDC, the world’s second-largest cryptocurrency pegged to the U.S. dollar. Visa stock dropped 0.5%.

While Tesla shares have pared gains, optimism is building for the company’s efforts in AI and autonomous driving.